All about rental Bond Tenancies
26 October 2011
Bond tenancies is a term used to define a tenancy agreement signed between a tenant and landlord and involves payment of a bond deposit as a security
Guidelines For Choosing A Property Mentor
18 October 2011
It’s time to select the criteria for choosing your investment property mentor. The criteria for review can include the mentor’s past and present investment experience as well as their hands on tuition in today’s market. There are wider considerations too that can make or break a productive experience with your mentor.
Posted in Property Investment0 Comments
How Can I Get My Tenant Bond Back
06 October 2011
When a tenancy comes to an end either due to the end of the agreement or one the parties wants to end the agreement then the tenant must lodge forms with the Department of Building and Housing in order to get their bond back. If there is any disagreement between the tenant and the landlord [...]
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What are my tenant bond rights
29 September 2011
Under the Residential Tenancies Act 1986 and Residential Tenancies Amendment Act 2010 landlords and tenants have certain rights and protections when renting
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Property Investment – The Ideal Route To Wealth Creation
28 September 2011
As the saying goes “it’s as safe as houses”. Property Investment can be a valuable wealth creation tool. Learning how to investment in property to create wealth is key to success. There are a lot of variables to consider and I have listed a few here. As with another popular saying “fools rush in…” and [...]
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What I am Covered For
26 September 2011
There are a multitude of rental house insurance policies available on the NZ market, with many insurers having multiple variations of cover they provide, the following can only provide a “helicopter view” of the general categories of cover and concepts. Traditional cover (or standard cover) with tenancy occupation extension This is the most common [...]
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How Fresh Is Your Info?
26 September 2011
Like it or not we live in a regulated investment environment and the number one thing that investors need to do is ”treat their investing as a business” so don’t be left out in the cold by not knowing this vital information.
Posted in Property Investment0 Comments
Issued by NZ Guarantee Limited – 10 September 2011
18 September 2011
Recently there has been an amendment made to the Tenancies Act, that allows some flexibility to Landlords when it comes to tenancy bonds. The bond guarantee system makes renting a house cheaper for tenants and gives landlords more protection against tenancy damage and rental arrears. BondAssist is an example and is financial guarantee to the [...]
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Tenancy Bond Disputes Tips for Resolution
17 September 2011
Although not common tenancy disputes can happen from time to time and having solid tenancy agreements in place can avoid future disputes. But if you find yourself in a Tenancy Bond Dispute then you need to follow the Tenancy Bond Disputes tips for for resolution, these tips may head off the need to consult the [...]
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Paying Tenancy Bond – Some Options
16 September 2011
A Tenancy Bond is required to be paid by tenants when renting a property, the bond is a kind of insurance for the landlord against damage and rental income losses. The bond money is held independently by the Department of Building and Housing which holds the money in trust and both parties must follow protocols [...]
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Bond Forms
15 September 2011
A Bond Form is required to be filled out and signed by both the landlord and tenant when the payment of a bond is made on a rental property. The Landlord must then lodge the bond forms and money with the Department of Building and Housing within 23 days of receipt. At the end of [...]
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Do I Need A Tenant Bond
14 September 2011
Under the Residential Tenancies Act 1986 a tenant bond is law and must be paid by the tenant to the landlord, and the landlord must lodge the bond with the Department of Building and Housing. The bond is held and is insurance for the landlord if the tenant damages the property or fails to pay [...]
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Insurance for Landlords in New Zealand
07 September 2011
Insurance for Landlords in New Zealand Landlords need protection against damage to an expensive asset they own. This is available in the form of specialist insurance for landlords available for both residential and commercial property. Hundreds of companies offer landlord insurance in New Zealand with a wide range of general policies and special insurance policies [...]
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Development funding anyone?
31 August 2011
The changes to the NZ investor migrant policy that we flagged a couple of months ago have just been made operative. This should be of interest to developers seeking development funding.
Posted in Legal0 Comments
Can a lessor refuse to renew?
31 August 2011
A lessor must tread very carefully when considering the position of a lessee who has not yet exercised its right to renew the lease. The Property Law Act 2007 assists a lessee by providing relief in two situations where a right of renewal would otherwise be lost:
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You snooze, you lose – RMA and the developer
31 August 2011
Agreements for sales off the plans will include sunset clauses – or "twilight" clauses as a client called them the other day. I like that new name it seems more accurate somehow.
Posted in Legal0 Comments
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