About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Wednesday, October 23rd, 10:05AM
rss
Latest Headlines

No extensions for insulation compliance

There will be no extensions for landlords who don’t comply with the 2016 insulation requirements, the Ministry of Business, Innovation & Employment is warning.

Friday, May 24th 2019, 10:25AM 1 Comment

by The Landlord

Landlords now have just over one month to ensure their rental properties meet the insulation requirements made in changes to the Residential Tenancies Act (RTA) back in 2016.

From 1 July 2019, a landlord who has not installed ceiling and floor insulation where reasonably practicable will be in breach of the RTA and may face the Tenancy Tribunal.

That means they could be penalised with exemplary damages of up to $4,000 and they may have to pay separate damages for every property that doesn’t comply.

But MBIE’s Tenancy Compliance and Investigations Team (TCIT) are warning that the RTA does not allow for extensions.

TCIT acting national manager Peter Hackshaw says the insulation requirements have been widely publicised and Tenancy Services has worked hard to ensure landlords are aware of their responsibilities.

“Landlords have had ample time and information to get the required work done and failing to comply is unlawful.

“Allowing extensions would be unfair to those landlords who have acted in time to do the right thing.”

TCIT will continue to focus on landlords who systematically breach the RTA by failing to properly install mandatory smoke alarms, provide insulation statements, and – following the 1 July 2019 deadline – install insulation.

Hackshaw says that insulating a property can be complicated work but that having a plan in place will not be enough to protect a landlord from financial penalties.

Landlords need to get in quick to ensure their rentals are done in time as some insulation installers may already be booked up, he says.

“With more and more New Zealanders renting, it’s important that landlords are meeting regulations and providing their tenants with warm, dry, safe homes. Where TCIT finds landlords failing to comply, we will act.”

Tenants who feel that their landlord has failed to meet their responsibilities to have the correct insulation installed by the 1 July 2019 deadline can apply to the Tenancy Tribunal for an order resolving that dispute.

Information on insulation requirements can be found on the Tenancy Services website

Read more:

Warning: insulation deadline looming 

Landlords urged to act on insulation 

Tags: compliance healthy homes insulation landlords MoBIE property management rental market TCIT Tenancy Tribunal

« Credit check ban unreasonableApplying for a tenancy like applying for a job »

Special Offers

Comments from our readers

On 24 May 2019 at 12:28 pm WellyLL said:
The supply of polyester underfloor insulation has sold out in the Wellington region with delivery dates for new product now out to 6-8 weeks. If you have not already ordered your product for DIY or have a confirmed insulation date with a insulation installer - you need to take action immediately.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 3.95 4.49
ANZ Special - 3.55 3.45 3.99
ASB Bank 5.20 ▼4.05 ▼3.95 4.39
ASB Bank Special - ▼3.55 ▼3.45 3.89
BNZ - Classic - ▼3.55 ▼3.45 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
Housing NZ Corp 5.19 4.15 4.09 4.39
HSBC Premier 5.24 3.35 3.35 3.35
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kiwibank 5.80 4.30 4.24 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.55 3.49 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.69 4.79 -
Resimac 4.50 4.86 3.89 3.94
Lender Flt 1yr 2yr 3yr
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.65 ▼3.39 3.89
Sovereign 5.30 4.15 4.29 4.55
Sovereign Special - 3.65 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.49 ▼4.29 4.85
TSB Special 5.29 3.69 ▼3.49 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.34 - - -
Westpac Special - 3.55 3.45 3.99
Median 5.34 4.05 4.02 4.05

Last updated: 21 October 2019 9:16am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com