Changes are afoot!

This week an announcement came out that the rental market in New Zealand is
about to experience a significant shake-up as the new government announces major
changes to rental laws.

With a promise to restore no-cause terminations and reintroduce tax breaks for
landlords, the National Party is aiming to make it easier for landlords to manage their
properties and remove anti-social tenants

These changes, along with the reversal of the automatic roll-over of fixed-term
tenancies to periodic tenancies, aim to provide more flexibility for both landlords and
tenants to negotiate terms themselves, potentially encouraging more landlords to opt
for long-term tenancies instead of using their properties for Airbnb.

Overall, these changes aim to strike a balance between tenants’ rights and property
owners’ practical considerations.

You can read the full article here:

https://www.newshub.co.nz/home/politics/2024/04/government-announces-major-rental-changes-from-next-year.html

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