More money to police property rental laws

In this year’s Budget there are four separate allocations to fund many changes introduced to the rental market.

A $16 million allocation has been made to police the Healthy Homes Standards. This will be used to increase the number of pro-active investigations undertaken ensuring the benefits of raising the standards of New Zealand’s rental housing stock are realised.

It will ensure interventions are targeted at the highest risk areas to maximise harm reduction and to support the most vulnerable tenants who do not have the ability or resources to take action against non-compliance.

The government is also allocating an additional $5 million a year to support the Tenancy Tribunal to manage increasing demand from changes to the Residential Tenancies Amendment Act.