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Tenancy reform submissions due March 25

Worried about the government’s tenancy law reforms? You’d better speak up soon because there’s under a month to make a submission on the legislation.

Wednesday, February 26th 2020, 5:05PM

by Miriam Bell

The controversial Residential Tenancies Amendment Bill passed its first reading in Parliament, and was referred to the Social Services and Community Select Committee, on February 20.

Social Services and Community Committee chair Gareth Hughes has now called for people to start making submissions on the Bill - because the submission period ends at midnight on 25 March 2020.

Both the NZ Property Investors Federation (NZPIF) and REINZ are encouraging rental property owners to speak up about their concerns about the Bill.

That’s because a number of the proposed reforms contained in the Bill are considered to be extremely problematic.

One of these is the removal of a landlord’s right to use “no cause” terminations to end a periodic tenancy agreement.

The other is the requirement that fixed-term tenancy agreements become periodic tenancy agreements upon expiry unless both parties agree otherwise.

Some of the other proposed reforms include:

• Making rental properties safer and more liveable by letting tenants add minor fittings such as brackets to secure furniture against earthquake risk, to baby proof the property, install visual fire alarms and doorbells, and hang pictures.

• Improving compliance with the law by increasing financial penalties and introducing new tools to take direct action against parties who are not meeting their obligations. It also allows for identifying details to be anonymised in situations where a party has been wholly or substantially successful in their case.

• Banning rental bidding and limiting rental increases to once a year.

The NZPIF’s new executive officer, Sharon Cullwick, says they know the government wants to try and get the legislation through before the election.

But they are hopeful that the Select Committee might be more receptive to suggested changes than the Minister responsible, Kris Faafoi, has been to date, she says.

“We need to get all landlords, and other people, behind us and our battle against the planned reforms. It’s hugely important as they will have a major impact on people, and not just landlords. So we are encouraging as many landlords as possible to make submissions on the proposed reforms.”

Read the full content of the Bill here. And it is possible to make a submission on the Bill here.

Read more:

Tenancy reform Bill hits Parliament 

RTA reforms pile pressure on landlords 

Key reform will only protect bad tenants 

Tags: compliance housing market investment Kris Faafoi landlords NZPIF property investment property management REINZ rental market tenancy reform Tenancy Services Tenancy Tribunal tenants

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AIA 4.55 3.19 3.19 3.49
AIA Special - 2.69 2.69 2.99
ANZ 4.44 3.15 3.25 ▼3.39
ANZ Special - ▼2.55 ▼2.69 ▼2.79
ASB Bank 4.45 3.19 3.19 3.49
ASB Bank Special - 2.69 2.69 2.99
Bluestone ▼3.49 ▼3.49 ▼3.49 ▼3.49
BNZ - Classic - ▼2.55 2.69 2.99
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.25 3.29 3.59
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union South 5.65 4.75 4.75 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.60 2.65 2.80
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 3.99 2.58 2.68 2.79
Kainga Ora 4.43 3.29 3.39 3.85
Kiwibank 3.40 3.40 3.54 4.00
Kiwibank - Capped - - - -
Kiwibank - Offset - - - -
Kiwibank Special 3.40 2.65 2.79 3.25
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Lender Flt 1yr 2yr 3yr
Resimac 3.49 3.45 3.39 3.69
SBS Bank 4.54 3.29 3.19 3.49
SBS Bank Special - 2.79 2.69 2.99
The Co-operative Bank - Owner Occ 4.40 ▼2.69 ▼2.75 ▼2.99
The Co-operative Bank - Standard 4.40 ▼3.19 ▼3.25 ▼3.49
TSB Bank 5.34 ▼3.35 3.49 3.79
TSB Special 4.54 ▼2.55 2.69 2.99
Wairarapa Building Society 4.99 3.75 3.99 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - ▼2.55 2.69 2.79
Median 4.55 3.19 3.22 3.39

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