Methamphetamine contamination is an increasing problem for landlords, tenants and property managers as meth not confined to any one part of society.
With methamphetamine contamination continuing to be a big cause of anxiety for landlords, work is nearing completion on development of a new meth testing and remediation standard that should help reduce confusion and clarify testing practices.
Tenancy investigators from a new government team have
The Government is considering changes to the Residential Tenancy Act (RTA) over when property damage costs can be reclaimed from tenants.
Recent LVR deposit rule changes for investors, which increase the attractiveness of new builds versus existing properties, have prompted renewed interest in buying apartments off the plans.
One of the biggest pressures on the relationship between owners and tenants can be the issue of increasing rent.
While there have been reports of a slowdown in residential rental activity as investors digest the implications of the new 40% LVR investor deposit rule, BNZ Chief Economist Tony Alexander has predicted it will only be temporary.
In the face of tighter new LVR rules that came into force from October 1, with an exemption for investors buying new-builds, there are reports of increased interest in subdivisions and pre-builds.
One of the hardest situations a landlord can encounter is how to deal with tenants who fall behind on rent payments.
With tighter new LVR (loan to value ratio) requirements coming into effect from October 1, non-bank lending and new-builds are likely to be increasingly attractive for residential property investors.
The Tenancy Tribunal has said that tenants cannot be held liable for any damage to a rental property that they can prove was unintentional.
Methamphetamine (P) contamination is a growing concern for owners and property investors nationwide, with some being forced to spend tens of thousands of dollars on cleaning up their properties.