Rent Freeze Ends | Covid-19

The government-enforced rent freeze has come to an end. Below we look back at how the rent freeze came about, and what this now means for landlords.



Covid-Response


On 23 March 2020, the Government announced a freeze on rent increases and an extension of no-cause terminations through the COVID-19 Response (Urgent Management Measures) Amendment Act, which came into effect on 26 March 2020.


The six-month freeze on residential rent increases and increase in protection from having their tenancies terminated was put on place to support New Zealanders, helping tenants stay in their rental properties.


Rent Freeze Ends in September


On 25 September 2020 the rent freeze came to an end. With the new rent review cycle changing from bi-annual to yearly, there may be many landlords hoping to start their new annual rent cycle as soon as possible. For the most part though there likely will be many more who will wait to adjust their rent for when their tenancy agreement termination date approaches during the Summer market when rents are at their highest.


Want to know more about what your rental property is worth? Find out how our Wellington Property managers can help you. We manage property in the Wellington and Hutt Valley regions. Feel confident your property and tenants are looked after by our professional Property managers with our property management services .

Find out how our Care & Return System will benefit you, receive a no-obligation, free rental appraisal for your Wellington investment property today! Call Jordan Atkinson - 027 297 0873

Quinovic Kent Terrace | Wellington


Call Allan Hartley - 027 522 9084

Quinovic Johnsonville | Wellington


Call Helen Vance - 027 487 8103

Quinovic Hutt Valley | Wellington

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