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Miriam Bell
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Tenant damage liability changes unfair

NZPIF executive officer Andrew King
Thursday 19th of April 2018

The Governance and Administration Select Committee reported back on the Residential Tenancies Amendment Bill (No.2) earlier this week and its proposed changes have left the NZ Property Investors Federation unhappy.

The Bill, which was drafted in response to widespread dismay over the fallout from the controversial Osaki ruling, was meant to address the issue of tenant liability for damage to rental properties.

But rather than clarifying the situation and rebalancing the responsibility for damage back towards tenants, the Select Committee’s recommendations further complicate the issue.

The Bill states that, assuming a property is insured against damage, a tenant’s liability is limited to either the applicable excess under the insurance or four weeks rent under the tenancy agreement - whichever is lower.

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Latest Comments
FMA outlines its latest expectations for advisers
Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
2 days ago Steve Wright
FMA outlines its latest expectations for advisers
Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
2 days ago Backstage
FMA outlines its latest expectations for advisers
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4 days ago Jon-Paul Hale
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4 days ago Jon-Paul Hale
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To correct errors in my previous post: "policies, templates, and controls" should read "policies, processes, systems and controls", and "is more conductive" should read "is more conducive".
4 days ago Paul Flood