A property in Christchurch recently made headlines after receiving extensive damage from tenants. The tenancy tribunal ruled that the tenants owed the landlords $21,000 for the abandonment and repair of the property, including $8,000 in rental arrears alone. This case has served as a warning for both tenants and landlords, showing the gravity of repercussions of damaging rental properties. While the landlord “won” in this case, it is unlikely that they will receive the $21,000 “immediately” as the court would have ordered. Check with your insurance company to ensure you have the appropriate cover for your property while it is tenanted. The correct policy will also cover you for loss of rent as well as pet and tenant damage.
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