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Westpac: NZ investor tax reforms will crash property prices
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Anger over Government moves against property investors
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What the Residential Tenancies Act changes mean for you Newshub 9/02/2021 © Provided by Newshub
Legislative changes coming into effect from Thursday are set to give renters more protection as landlords can no longer end tenancies without cause.
The Residential Tenancies Amendment Act now limits rent increases to once every 12 months. And from Thursday, many more changes will take effect. There are new notice periods for ending periodic tenancies and fixed term tenancies will automatically roll over to periodic.
Tenants who have signed up to a periodic tenancy will be required to give their landlord 28 days notice. Landlords can only end tenancies for specific reasons, requiring a 63-day or 90-day notice period.
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