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Major rental changes in Green Bill

Minimum standards for rental properties are once again being pushed with the launch of a Green Party bill which would also introduce significant changes to tenancy regulations.

Thursday, August 27th 2015, 8:12PM 1 Comment

by Miriam Bell

Green Party co-leader Metiria Turei has introduced her Residential Tenancies (Warm, Safe and Secure Rentals) Amendment Bill into Parliament’s Members’ ballot.

Not only does the Bill set minimum standards for warmth, dryness and safety in all rental properties, but it contains a host of changes to tenancy standards and regulations.

These include:

• Removing the obligation on tenants to pay leasing fees. 
• Setting a default of three years for fixed-term tenancies - while maintaining the provision for both parties to opt out and set the term of their choice.
• Enforcing a 90 day notice period in the event a landlord decides to sell a tenanted property.
• Limiting rent increases to no more than once a year, regardless of tenancy type or term.
• Requiring the formula for calculating any future rent increase be included in tenancy agreement forms.
• Allowing tenants right of renewal on rental agreements

Turei said the changes would encourage more secure, long-term tenancies which would allow people to put down roots in a community and make their rental house a home.

“Rights and responsibilities work both ways – this Bill aims to create more great landlords and more great tenants, and encourage transparency in their relationship and their rental agreement.

“This Bill is going to bring New Zealand rental laws into the 21st century and we expect widespread support for it, should it be pulled from the ballot.”

Minimum standards for rental properties have been a hot topic this year.

This has been due to the deaths of several Housing New Zealand tenants which were, at least partially, linked to the condition of the properties they were living in.

The Government responded by making changes to the Residential Tenancies Act which require landlords to install insulation and smoke alarms in their rental properties. 

However, both the Labour Party and the Green Party, along with tenancy advocate groups, felt the changes did not go far enough.

Turei’s Bill is not the first attempt to legislate for minimum standards for all rental properties.

Labour Party housing spokesperson Phil Twyford introduced a Healthy Homes Guarantee Bill, which would have also enforced a warrant of fitness for rental properties, into Parliament earlier this year.

Twyford’s Bill did not pass its first reading in Parliament.

« Rental market stalls nationwideGreens’ rental bill too restrictive for landlords »

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Comments from our readers

On 28 August 2015 at 7:31 am Kenmac said:
How about allowing Landlords right of refusal on rental agreements to level he currently very slopey playing field??

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.75 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.75 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 ▲6.89 ▲6.55 ▲6.35
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.09 7.59 7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 ▼7.29 ▼6.59
SBS Bank Special - 7.24 ▼6.69 ▼5.99
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.35 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.75 6.65
Median 8.64 7.29 7.29 6.65

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