On 18 November 2019, Associate Housing Minister Kris Faafoi shared proposed changes to the Residential Tenancies Act 1986. The suggested changes to the legislation include:
The announcement of these proposed changes received an array of responses with many landlords feeling micromanaged by the Government, especially following the Healthy Homes Standards and banning of letting fees. The Bill has since been introduced to Parliament and the select committee presented their submissions in the final week of April 2020, marking the end of the feedback period for the proposed changes.
There are still several stages before the Bill becomes law. Following the select committee’s presentation, there will be second and third readings of the Bill, as well as consideration by the committee of the whole House and finally the Royal assent. We will be closely following the progress of this Bill and sharing key information as it advances.
We understand that it may feel like landlords are being portrayed as ‘the bad guy’. In times like these, it’s important to remember that evolving regulations are an opportunity to protect your investment against future claims, develop positive landlord-tenant relationships, attract longer-term tenants and create a better rental experience for all.
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