Latest changes in residential tenancy act can shift "renting

Latest changes in residential tenancy act can shift "renting" and "investment property buying" in NZ.


Latest changes in residential tenancy act can shift “renting” and “investment property buying” in NZ.
Thursday, February 11, 2021
Sandeep Singh
The latest changes in Residential Tenancy Act 1986 which come into force from Thursday, February 11 has the potential to shift the landscape of "renting," and "investment property buying," in this country.
Right now, the unfettered rights enjoyed by the landlords, vis a vis tenants in residential property, has been one of the biggest motivators for new investors to take a plunge in investment property buying and contributing in heating up of the housing market.
The ability of the landlord to evict tenants almost at will and impose an increase in rents, again without much regulation has kept the experience of renting at best "interim," while enhancing the experience of property investment as exhilarating and luxurious.

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