Are You and Your Property Manager Ready?

insulationThe countdown is on now the Residential Tenancies Amendment Bill will be passed into law on 1 July 2016.  From this date Landlords and Property Managers need to beware of their respective responsibilities around rental properties meeting the required standards by the ‘Amendments’ due dates.

Two immediate changes that are effective from 1 July 2016 is fire alarms in key areas of the property; and Landlords and Property Managers will need to state the level of insulation in the rental property on new tenancy agreements.

Landlords of all other residential rental properties must install the required ceiling and underfloor insulation by 1 July 2019, and meet the regulatory requirements. Failure to comply with these requirements is an unlawful act, for which landlords can be liable for a financial penalty.

Landlords will be required to disclose the extent of insulation in their properties as part of the tenancy agreement from 1 July 2016. Failure to provide this information, or providing false or misleading information, will become unlawful acts. However, for buildings where the insulation details are unknown and the landlord has made all reasonable efforts to obtain the required information, they are able to make a statement to this effect.

Landlords must continue to comply with the existing requirements contained in the Housing Improvement Regulations, such as providing cooking facilities and adequate ventilation.

Source – MBIE

It’s a busy time for Property Managers says Pedersen Property Management.  There are some 100,000 properties that due to design can not comply with the insulation requirement however most Landlords are doing what they can to offer their tenants accommodation of a good standard.


This blog article was written for PropertyBlogs by Mobilize Mail.

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