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Landlords who threatened to quit rental market over tenancy law changes all bark and no bite

STUFF René Simonis was paying $180 a week for a house on the site of Waikato s former Candyland, but a proposed rent increase started him investigating whether it was up to spec. A threatened stampede of landlords leaving the residential property market has failed to eventuate. The Residential Tenancies Amendment Act (RTAA) passes into law on February 11. Under the new law, landlords can no longer issue 90-day ‘no cause’ termination notices and fixed term tenancies will automatically roll over to periodic tenancies on expiry unless otherwise agreed. Rent increases have been limited to once a year, rental bidding has been outlawed, and landlords have to allow tenants to make minor alterations (such as baby-proofing, hanging pictures, and earthquake proofing) to their rental.

Business Scoop » New President For The Auckland Property Investors Association

auckland scoop co nz » New President For The Auckland Property Investors Association

New President For The Auckland Property Investors Association

Sutherland was elected onto the APIA Board in 2018 and served as Secretary from 2019 to 2020. Being an experienced landlord, Sutherland is particularly interested in restoring the public’s confidence and trust in landlords. “For too long our industry has been mischaracterised and dishonoured by a rogue minority of self-serving landlords who cause harm to tenants and communities. They do not represent us,” says Sutherland. “APIA landlords understand that tenants are our partners. It is a symbiotic relationship where one cannot exist without the other.” Sutherland is also eager to reframe the public’s understanding of residential tenancy. “Renting is not a zero-sum game. There is a

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