Expect negative impact from regulation overload
The NZPIF was responding to a new report from tenant advocacy groups Renters United and Action Station which paints a dire picture of rental conditions and calls for major changes to the industry.
Based on stories from around 610 tenants, the report comes to some damning conclusions about cold, damp properties, lack of insulation and tenant rights.
It then goes on to recommend some sweeping changes. These include recommendations that:
• all rental properties should have to pass a mandatory warrant of fitness (WOF);
• no-fault evictions – and letting fees – should be abolished;
• all landlords and property managers should be licensed;
• the Tenancy Tribunal be changed to give more power to renters; and
• a commission for housing be established.
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