Residential Tenancies Amendment Act 2024 — Summary of Changes

June 2023 Monthly Update for Haven Home Rentals Property Managers Wellington

Recently changes were made to the Residential Tenancies Act which have seen some previous rules reinstated. We have summarised these changes below.

Tenancy Terminations (Effective 30 January 2025):

For Periodic Tenancies:

  • Landlords can end a periodic tenancy without a specific reason with 90 days’ notice.
  • Landlords can end a periodic tenancy with 42 days’ notice if:
    • The owner or a family member needs the property as their main residence for at least 90 days.
    • The property is needed for a landlord’s employee or contractor (must be stated in the tenancy agreement).
    • The property has been sold with vacant possession required under an unconditional sales agreement.
  • Tenants can end a periodic tenancy with 21 days’ notice.

Notices issued before 30 January 2025 remain valid; they cannot be replaced by different notice periodsafterward.

For Fixed-Term Tenancies:

  • Fixed-term tenancies automatically become periodic unless:
    • A notice to end is given between 90 and 21 days before the term ends (no reason required).
    • Both landlord and tenant agree otherwise, if more than 90 days remain before expiry.
    • For fixed-term tenancies starting on or after 11 February 2021 and expiring on or before 30 April 2025, the old law applies unless renewed or extended.

Fixed-Term Tenancies (Effective 1 May 2025)

The new law applies to fixed-term tenancies expiring on or after 1 May 2025.

  • If a fixed-term tenancy expires and the landlord does not want it to become periodic, they:
    • Do not need to give a reason for ending the tenancy.
    • Must provide notice within the effective period (90 to 21 days before expiry).
    • If the effective period is missed, they must give the appropriate notice once the tenancy becomes periodic.
    • Alternatively, the landlord and tenant can mutually agree on a termination date.

 

If you have any questions around the changes, give us a call, we’re here to help
Ph: 021 085 38220 or 021 085 38224
[email protected] or [email protected]

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