Tenants tough on state houses
More than half of Housing New Zealand's 60,000 rental properties are being damaged by tenants each year.
Monday, October 4th 2004, 9:44AM
by The Landlord
Last week it was revealed that damage in the 2003-04 year cost $18 million, a figure that has risen by 68 per cent in the past three years.The Herald has learned that 36,700 of Housing NZ's 63,500 properties, just over half, were classified as damaged.
Housing NZ says that "damaged" also includes cases where work was done to bring vacated properties up to scratch for re-letting.
A former handyman who used to repair Housing NZ homes said there were countless incidents of intentional vandalism every day, some on almost unbelievable levels.
Read More - Opens in a new window
| « Property investors refocus on cash flow | Free Investment Property Showcase Events: Auckland, Wellington and Christchurch » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
