The notice period for tenants in the case of periodic leases has increased. You can compare rental prices in your area on the Rental Price Calculator for the New Zealand Market. a corresponding provision is contained in the rental agreement or the tenant is otherwise informed in writing of the practice before the start of the rental. less than 60 days (or, in the case of a boarding lease, 28 days) after the notification required under subparagraph (a); and if your rent is significantly higher than the rents of similar properties in similar areas, you can go to the rental court to ask them to reduce your rent to a “market rent" (to find out what the court has decided for market rent for your area or suburb, go to www.tenancy.govt.nz). If the court orders your landlord to reduce your rent, the rent is usually set at this level for six months. (For information on how to go to court, see “Problems with your landlord: what you can do" in this chapter.) the rent may not be increased within 180 days after the day on which the last increase took effect; and landlords are reminded to ensure tenants have a copy of the lease and to keep records of the lease for up to 12 months after the lease ends. If a landlord has given notice of rent increase and subsequently determines that this updated information relates to the termination of tenancies and moves, rent increases, inspections and maintenance of properties, and what to do in the event of a dispute. Negotiating a rent increase with a tenant can be an unpleasant discussion, especially for new landlords. You may be afraid of insulting your tenant, worried that they are leaving, or are hesitant to put extra pressure on the relationship you have with them.

I agree with your statement: “A small rent increase can easily be managed by the tenant through a few lifestyle adjustments where a big jump could make your tenant look elsewhere and could be more expensive in the long run." The new legislation prevents small steps, because now an increase can only be made once every 12 months. It is therefore not useful for either the tenant or the owner. in the case of a tenancy that is subject to an annual rent adjustment, no rent increase will take effect – Yes. Landlords may require an additional deposit amount if the rent increases, so that the total rent is up to four weeks` rent at the new rent level (§ 18 para. 2 RTA). As set out in An Act to amend the Residential Tenancies Act, if, in the case of regular tenancies, landlords are at least five business days late on three different occasions within 90 days, may request that the lease be terminated within 28 days of the third termination. In the case of periodic rentals (and fixed-term rentals where rent increases are provided for in the lease), the rent increases must be made in accordance with the following rules (§ 24 RTA): If the rental court issues an order fixing the rent, the order also includes a period of up to six months during which this order applies. The landlord may not increase the rent within this period (§ 24 para. 1 lit. h RTA). The landlord can also contact the court for these orders as soon as you are three weeks (21 days) late with the rent, whether they have given you notice or not.

“Landlords can follow the standard procedure for violations — by issuing a notice of termination that gives tenants 14 days, with the option to request a termination if the rent is 21 days or more late," MBIE said. We have been working with Rental Services on updated information on what alert levels mean for the rental industry. Landlords and tenants should be aware of the different types of leases. Each has different rules, use the following information to find out what suits you best. If a landlord charges much more than what is charged for similar properties in the area, the tenant can apply to the rental court. The court could order a reduction in the rent. The tenant must prove that their rent is much higher than the rent for similar homes in the same area. A landlord and tenant can agree to a temporary rent reduction for a certain period of time. For example, if a part is repaired and cannot be used for a while. “An unintended consequence means that anyone who is a marginal tenant will have a hard time renting a property from a private landlord." In any event, a question-and-answer session on An Act to amend the Residential Tenancies Act provided by the Ministry of Housing and Urban Development confirms that landlords are required to notify tenants in writing. Notices must indicate the dates on which the rent was due, the amount in arrears, the number of other cancellations that were made during the 90-day period and inform the tenant that he or she can challenge the termination in court.

Rents were frozen for six months, from March 26, 2020 to September 25, 2020, as part of the government`s response to the COVID-19 pandemic. If your landlord increases or tries to increase your rent during this period while being aware of this rent freeze, you can complain to the rental court and they could be fined up to $6,500. Learn how the new rules for rent increases work in different scenarios. If tenants feel that the rent is too high in comparison, they can sue them. The comparison ensures that you follow the market trends. To help tenants and their landlords understand the changes, Newshub spoke with the Department of Economy, Innovation and Employment (MBIE) and Ray White. adjust the rent to a specific day of each year; And while it may be necessary for investors to raise the rent regularly, you need to figure out when to increase it. Ultimately, the calculated rent should be determined by the current market price. By doing your homework and comparing your property to similar properties in the area, you can determine if you can increase the rent without losing your tenants. If others charge more, it`s a good indication that you can increase your rent, and tenants are less likely to leave to find something more affordable. Starting August 12, rent increases will be limited to once every 12 months.

Market rent is a measure of what landlords can realistically earn from a rental property. .