We are pleased to report the Residential Tenancies Act Amendment Bill was passed into law on 20 July 2010. It is now awaiting ratification by the Governor General and the implementation date, still to be set, is anticipated to be later this year. We quote four key positive outcomes summarised by NZ Property Investors Federation Vice President Andrew King: -
- Increasing the number of unlawful acts that are attributable to tenants and providing for exemplary damages.
- Defining abandonment of premises as an unlawful act with damages up to $1,000.
- Entitlement of an applicant that has been wholly successful in a Tribunal application to obtain a refund of the application fee from the respondent.
- Improvement for landlords in the treatment of abandoned goods.
For Andrew Kings full commentary please click here
|
