New tenancy legislation – Insurance

New tenancy legislation – Insurance

New tenancy legislation has been passed 30 July 2019 and this will affect landlords and tenants in a number of ways. If tenants damage a property as a result of careless behaviour, they will be liable.

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From 27th August 2019, with the passing of the Residential Tenancies Amendment Bill 2, there has been a change in what we require on our Tenancy Agreements

 

The logic behind this is so tenants are aware of their liability and they are aware of the maximum amount they may have to pay for any accidental damage that they have caused. If there is no insurance on the property, then the tenants may still be required to pay for damage up to a maximum of 4 weeks rent.

We have made contact with all our owners regarding this and we thank those of you who have responded to date.

This bill also has information in regards to liability in terms of contaminated properties. This is following the Methamphetamine scandal that made the headlines last year following the Gluckman report. We are still awaiting official Government guidelines as to what level they will be ruling on.

There is also information about Tribunal’s ability to make rulings on non-compliant and consented properties.