New Zealand Property Investors' Federation
The NZPIF is the umbrella body for 17 local Property Investors' Associations throughout New Zealand.
Warrants of fitness for rentals and restrictions on rent hikes are high on the Green Party list of priorities in its new housing policy, released today.
The party wants to put home ownership within the reach of more New Zealanders and make renting more secure.
It is proposing a progressive ownership policy, where people live in a government-built home, making extra payments to buy the equity from the Crown. No deposit would be required and any equity investment would be repaid if the inhabitants moved out before they owned it.
The party also wants rental WoFs written into law to make sure rented homes meet a set of criteria including a prescribed level of insulation, water-tightness and basic amenities.
It also wants to change the law to limit rent increase to once a year and give tenants the right to renew fixed term leases when they expire.
Co-leader Metiria Turei said “The vast majority of landlords are good business operators who make sure their rentals meet these standards anyway, but too many do not. The horror stories of children growing up in rotting rentals lacking in basic services must end.”
She said the country’s existing tenancy laws were out of date and did not give protection to tenants.
“Limiting rent increases to once a year and requiring that the formula for calculating them be included in tenancy agreements will protect tenants from arbitrary and unexpected rent hikes. Allowing tenants a right of renew on rental agreements will encourage a more long-term approach to landlord-tenant relationships and redress the power imbalance that often exists.”
Source: Landlords.co.nzcomments powered by Disqus