Government freezes rent increases

01 April 2020

On 23 March 2020, Finance Minister, Grant Robertson announced that the Government would be moving to temporarily freeze rent increases. This decision, aiming to reduce stress and fear for tenants who are struggling financially, has been largely backed by the rental industry. For Quinovic clients, this means that any rent increases yet to come into effect will be put on hold.  If this is the case for your property, rent increases can be reviewed after the rent freeze is lifted. As an owner, if you would like to reverse a recent rent increase or offer relief to your tenant, please get in touch with your Quinovic Property Manager.

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