Home / Property Investors Summary 2019 and a 2020 Preview
Our Property Management Team has been at the forefront of a number of changes this year, we have summarised the changes investment owners have seen and what 2020 may hold.
In 2019 from 1 July 2019, ceiling and underfloor insulation become compulsory in all rental homes where installation is reasonably practicable. The other important aspect was to provide the below documentation:
From 1 July 2019, ceiling and underfloor insulation become compulsory in all rental homes where installation is reasonably practicable.
The Call For Change Campaign: This has been a real positive this year! Regulation in for the property management industry. Whittle Knight is a real advocate as a REINZ (Real Estate Institute New Zealand) accredited company.
REINZ are putting pressure on the government to decide on how they will act on this before the upcoming 2020 elections. REINZ specifically want consumer protection for money being held in a trust account, all property managers having a process to resolve disputes, every property manager to have insurance to practice in the property management industry and that all property managers are complying to regulations.
2020 will be the year to prepare inspections for the Healthy Homes compliance as we want to make sure we meet the timeframes below:
Full details of the regulations can be found here Residential Tenancies (Healthy Homes Standards) Regulations 2019
Don’t expect too much to change in 2020 as this Government will look to implement all of its election promises before we all head back to the polling booths again.