News

Failure to lodge bonds earns major penalty

Friday 6th of March 2020

MBIE’s Tenancy Compliance and Investigations Team (TCIT) took Bay City Rentals to the Tenancy Tribunal for its repeated failure to lodge bonds with the Tenancy Bond Centre within 23 days.

There was a delay in lodging bonds in 73 cases and the delays ranged from 31 to 701 working days, with an average of 266 working days.

Further, Bay City Rentals failed to provide insulati...

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