REINZ welcomes balanced approach to tenancy law reforms
The Real Estate Institute of New Zealand (REINZ) has welcomed the passing of the Residential Tenancies Amendment Bill, describing it as a step forward for the rental market.
The reforms aim to strike a fair balance by introducing practical measures that address the needs of both landlords and tenants.
REINZ chief executive Jen Baird (pictured above) praised the legislation’s clarity and its potential to strengthen the rental sector.
“This legislation strikes a fair balance,” Baird said. “By creating clearer rules for landlords and improving opportunities for tenants, these changes will strengthen the rental market. They also highlight the critical role professional property managers play in ensuring accountability, stability, and trust within the sector.”
Key provisions of the new legislation
The updated laws introduce several changes aimed at improving rental property management, including:
- Reintroducing 90-day “no cause” terminations for periodic tenancies, giving landlords flexibility to end agreements with appropriate notice.
- Adjusting notice periods for both tenants and landlords, ensuring greater certainty for both parties.
- Introducing pet bonds and clearer pet consent rules, helping landlords manage liability while making it easier for tenants to secure pet-friendly rentals.
REINZ highlighted the importance of the pet bond framework, noting its potential to address longstanding concerns for both landlords and tenants.
“Pets play an integral role in many Kiwi households, and the new rules offer a pragmatic framework to address landlords’ concerns around damage and liability,” Baird said.
Professional property management and accountability
REINZ has been a long-time advocate for stronger oversight and professionalism in the rental property management sector. The reforms align with REINZ’s push for clear, practical solutions to improve market stability and accessibility.
With these legislative changes, REINZ encourages landlords to consider professional property managers to navigate the evolving regulatory landscape. Qualified property managers can ensure compliance, accountability, and high-quality service for tenants, reducing risks for landlords.
Ongoing support for industry professionals
To help members adapt to the reforms, REINZ will continue offering training, resources, and guidance tailored to residential property managers. This support aims to ensure property managers remain equipped to meet regulatory requirements and deliver professional services in the changing market.
The institute remains committed to advocating for practical solutions that address the rental market’s challenges while benefiting all stakeholders. As these reforms take effect, REINZ is optimistic about the potential for a stronger, more balanced rental sector in New Zealand.
See the REINZ media release here.
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