Landlord Resources & Tips
When you are renting out a property you become part of a regulated industry in New Zealand. There are very clear guidelines and regulations around what is required of you as a landlord in this country, and there are consequences for not meeting your obligations.
At Panther PM, we have an expert team who understands everything that will be necessary to ensure your assets are protected and that you remain compliant with all the various regulations around running a tenanted property in Auckland.
When you choose to work with us, we take care of the entire tenancy process, all the way from the initial listing, through screening applicants, checking references, scheduling inspections, repairs and maintenance to the day a tenant leaves your property, and we ensure the condition of the property warrants a full return of the bond.
Here, we have compiled some handy tips and places you can go for information. However, our most important tip is: Let us take care of it all for you! If you are looking for a stress-free tenancy and a great return on your investment, we can help. Get in touch here, or hit the button below and list your property now.
Essential Information
1. Know Your Legal Obligations
It’s crucial to understand your rights and responsibilities as a landlord under New Zealand’s Residential Tenancies Act. This includes knowing about tenant rights, property maintenance requirements, and the rules for rent increases.
2. Comply with Healthy Homes Standards
Ensure your property meets the Healthy Homes Standards, which include heating, insulation, ventilation, moisture, and drainage requirements. Non-compliance can lead to significant fines, and tenants may also be entitled to compensation.
3. Screen Tenants Carefully
Thoroughly vet prospective tenants by checking their references, rental history, and creditworthiness. A solid screening process helps ensure you select responsible tenants who will take care of your property.
4. Keep Detailed Records
Maintain accurate records of all communication, rent payments, and repairs. This documentation will be invaluable should any disputes arise, or you need to take legal action.
5. Understand the Rent & Bond Process
Stay on top of the legalities surrounding rent collection, including rent increase limits and bond management. Bonds should be lodged with Tenancy Services to protect both you and your tenants.
6. Regular Property Inspections
Schedule regular property inspections (at least once every 12 months) to ensure your property is well-maintained and complies with health and safety regulations. Always give tenants notice before entering the property.
Address maintenance and repair issues quickly to maintain a good relationship with tenants and prevent small problems from becoming larger, more expensive ones.
In New Zealand, rent increases are allowed once every 12 months, but they must be in writing with at least 60 days’ notice. Familiarise yourself with the limits on how much you can increase the rent.
Always have a signed written tenancy agreement outlining the terms of the lease. This protects both you and your tenant by clarifying expectations and responsibilities.
Protect your investment by having comprehensive property insurance, including coverage for damage, rent loss, and public liability. Be sure to check that your insurance covers tenant-related risks, such as intentional damage.
Information for Landlords
Tenancy Services (Ministry of Business, Innovation & Employment)
The official government site offers a wealth of information on landlord rights and responsibilities, including rental agreements, bond lodgement, and dispute resolution services.
Visit Tenancy Services
Real Estate Institute of New Zealand (REINZ)
REINZ provides guidance on best practices for property managers and landlords. They cover property management standards, training, and industry updates.
Visit REINZ
Landlords.co.nz
This website is a valuable source of information for property investors and landlords, offering news, legal advice, and tips on everything from rent increases to tenant management.
Visit Landlords.co.nz
Healthy Homes Standards Compliance Checker
The government offers a free online tool to help landlords check if their property complies with the Healthy Homes Standards. It also offers practical advice on how to meet these requirements.
Visit the Healthy Homes Standards Compliance Checker
New Zealand Property Investors Federation (NZPIF)
NZPIF is a valuable spot for property owners. It provides advocacy, training, and information on everything from legal matters to tax advice for landlords in New Zealand.
Visit NZPIF
