Tenancy agreements are the legal foundation of effective property management. In this increasingly complex industry, it’s important to have a professional understanding of contracts and relevant legislation. In this section, you’ll find frequently asked questions, blogs and guides that will help you to start, renew and end tenancy agreements in New Zealand.
In this blog, we explore the key differences between periodic and fixed-term tenancies and what to consider when renewing a tenancy agreement.
Yes, it’s essential that tenancy agreements are in writing and signed by both parties. This will help to prevent any misunderstandings and resolve potential disputes. Tenancy Services provide a free residential tenancy agreement form that can be used in New Zealand.
Rental property owners and managers can charge up to the equivalent of 4 weeks’ rent for bond. This must be lodged with Tenancy Service and be received by them within 23 working days and a receipt must be given to rental customers.
There is no right answer. The type of tenancy that is best suited will depend on you and your tenants’ lifestyle and priorities. To get a better understanding of the different types of tenancies, check out our Fixed-Term vs Periodic Tenancies blog.
From 11 February 2020, all fixed-term tenancies signed after that date will convert to periodic tenancies at the end of their fixed-term unless both parties agree otherwise, or appropriate notice is given in accordance with the RTA.
Rent can be decreased at any time, however can only be increased once every 12 months and cannot be increased within the first 12 months of a tenancy.
Tenancy Services provide a downloadable residential tenancy agreement form that has been approved for use by The Office of the Tenancy Tribunal.