The New Zealand Property Investors’ Federation welcomes the review of the Residential Tenancies Act.
The new Act needs to clarify and rebalance the rights, obligations and penalties imposed on landlords and tenants as many of its provisions are inconsistent, iniquitous and weighted against landlords.
Landlords have a great deal of capital invested in the residential tenancy market and provide an invaluable service to the community. It is only reasonable that the law recognises the contribution of landlords and their need to be fairly protected.
Balanced laws are essential if landlords are to continue providing rental dwellings and accommodation for people in New Zealand. It is imperative that various legislative issues are addressed or in the long term there may be additional pressure on Government to provide and to fund further housing.
Today’s consumers of housing are driven by many factors including lifestyle choice, costs, design, location, and quality.
The Federation trusts the following recommendations will be acted upon.
Read the full submission: Submission-Review-Residential-Tenancies-Act.pdf
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