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Residential Tenancies Amendment Bill Introduced | Feb 2020

It begins. The Residential Tenancies Amendment Bill was introduced to Parliament yesterday on Monday 17th February. Included are a series of reforms on tenancy endings, rent, property changes, financial penalties and more.

Restrictions on Tenancy Endings

The Bill aims to improve tenant’s security by requiring the use of a justified reason to end a periodic tenancy, including new provisions to respond to anti-social behaviour and removing the use of no cause terminations to end a periodic tenancy agreement.

It also hopes to mandate that fixed-term tenancy agreements must become periodic tenancy agreements upon expiry unless both parties agree otherwise, or certain conditions apply.

Increased Financial Penalties

The Bill hopes to improve compliance with the law by increasing financial penalties and giving the Regulator new tools to take direct action against parties who are not meeting their obligations.

Rent Reform

The solicitation of rental bids by landlords will be prohibited by the Bill, and rent increases will be limited to once every 12 months.

Tenants Can Add Minor Property Changes

In hopes of making rental properties safer and more liveable, the Bill will allow tenants to add minor changes, such as brackets to secure furniture and appliances against earthquake risk, baby proof the property, install visual fire alarms and doorbells and hang pictures.

Amendment on Parties

The Bill removes a disincentive for parties to use the Tenancy Tribunal by allowing for identifying details to be anonymised in situations where a party has been wholly or substantially successful in taking a case.

Next Step

Soon the Bill will have its first reading in Parliament. Following this, the Bill will be referred to Select Committee.

If you have something to say about this bill you may be able to make a submission about it before the select committee. Find out more here.

For our thoughts on these proposed changes read our article What We Think of the Proposed 2020 Tenancy Law Changes.

If you're considering Property Management get in touch with us today. Locally owned and managed, we offer residential property management services across the entire Wellington & Hutt Valley region.

We take care of investments, offering peace of mind and a personal service to investors and tenants alike. Our solutions are backed by industry-leading technology and proven systems that promote both excellent property care and strong investment returns. Taking on all aspects of the landlord’s role, we guide our clients with professional, tailored advice using our extensive experience and insight in the rental market that can only be built over time.

If you would like to chat about the possibility of working together, or to receive a no-obligation, FREE Rental Appraisal get in touch with our team today.

Quinovic Johnsonville | Wellington

Call Jordan Atkinson - 027 297 0873

Quinovic Hutt Valley | Wellington

Call Helen Vance - 027 487 8103

Quinovic Kent Terrace | Wellington

Call Jordan Atkinson - 027 297 0873

Quinovic Wellington Property Managers


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