Healthy Homes

The Healthy Homes standards affecting rental properties became law on 1 July 2019 and we have already successfully co-ordinated and passed the first hurdle.  This was to ensure there is appropriate insulation in all our rental properties, and to supply all tenants with insulation statements about the location and type of insulation.

We have followed on from this.  We are now also issuing ‘Statements of Intent to Comply with the Healthy Homes Standards’, which are now legally required as part of any new, varied or renewed tenancy agreements.  This statement confirms we are committed to meeting the future Healthy Homes legal requirements for that rental property.

What is Next?

From 1 July 2021, all private rentals must comply fully with Healthy Homes legislation within 90 days of any new or renewed tenancy, with all private rentals needing to comply by 1 July 2024.

As implementation of the new legislation is being staggered over the next two to four years, the next critical deadline for owners is 1 July 2020. By this date we must provide all our tenants with confirmation about the “current status” of the property’s compliance, covering all aspects of the Healthy Homes’ standards, including heating, ventilation, moisture and draughts.

Healthy Homes Standards Deadline Quinovic Parnell

We Are Ready!

In order to ensure we have a full understanding on the state of compliance for every rental property (heating, ventilation, moisture and drainage are particularly complex/technical areas to confirm compliance under the standards), we are currently negotiating to have rental property audits carried out by qualified and independent external auditors.

We are also talking to all our recommended suppliers of heating and ventilation products.  Once we understand what each rental property needs, we can offer the best and most cost-effective solutions here too.

Is your property or portfolio of Auckland rental properties managed by a team of experts in Auckland property management?  Are you confident your Auckland property manager is aware of changes in legislation?  Get in touch with Quinovic Parnell today and talk to Kerry about the new Healthy Homes standards and how they affect your property.

Switch your property to Quinovic Parnell – Auckland’s experts in managing Auckland properties.

Get in touch today with Quinovic Parnell:

Phone Us:  +64 (09) 373-4353

Email Us:  enquiries@quinovic-parnell.co.nz

 

A Tide of Change is Coming for Landlords. Are You Ready?

Our government’s first-year anniversary is approaching.  Tenancy reform announcements are more frequent as Phil Twyford’s master plan starts to take shape.

Between now and Christmas, there are a few possible and proposed changes coming:

  • Proposed reforms to the Residential Tenancies Act announced.  In particular, reforms will be around ‘security of tenure’, rent bidding and allowing tenants to have pets.
  • Stricter rules and regulations for operators of boarding houses and the likely introduction of a Warrant of Fitness.
  • Standards and time frames around the implementation of the Healthy Homes Guarantee Bill criteria.
  • The Residential Tenancies Amendment Bill No 2 and Abolishment of Letting Fee Bill will become law.
  • An announcement about the possible regulation of our industry.
  • The possibility of tenants having right of renewal of their tenancy after a fixed term.
  • Tenants may have the right to a minimum length of tenancy.
Quinovic Property Management Parnell in Auckland
We have to ask:
  1. Will tenancies become periodic tenancies?
  2. Will landlords only have the opportunity to give a 90-day notice (with valid reason) to end a tenancy?
  3. Will tenants have the right to have pets?
  4. Will tenants be able to make alterations to the rental property without their landlord’s agreement?
 We are of the belief that warrants of fitness will come, and it will be a good change.  At Quinovic Parnell, 99% of the rental properties we manage would meet the proposed changes.  We would be active in guiding owners to ensure their rental properties comply.
It has never been more important that landlords realise they are running a business.  As such property owners need to educate themselves on the changes, and ensure they abide by the law.
We would like to thank Real-IQ for some of the comments for this blog post.
If you’re looking for expert help or guidance, get in touch with Quinovic Parnell in Auckland.  We can assist you in managing your property business. We can ensure your investment or portfolio of rental properties are well managed:

Residential Property Owners Need Protecting Too

How protected are you as an owner of a rental property?
The government has signalled we are about to see changes in residential tenancy legislation. This includes banning letting fees paid by tenants.  There is still very little legislative protection for owners of rental properties.
This lack of protection was evident recently.  The NZ Herald reported the company owned and run by Auckland property manager David Sharma, operating under Ray White Henderson, owed 67 landlords more than $350,000 in unpaid rents The number of landlords owed money by Sharma has since increased and is now confirmed as being 72 and growing.
 
The liquidators reported that most rental payments owed to rental property owners dated to January and February of this year.  There were no company assets available for immediate recovery.  The company’s bank accounts were overdrawn.  The chances of any of these property owners seeing their overdue rental monies anytime soon is pretty non-existent.
 
So how was this allowed to happen?  Aren’t there legislation and rules to prevent these sorts of things from occurring?
 
Unfortunately, the answer is ‘no’.  Up until 2008, property management was an activity for which a real estate licence was required and overseen by the Real Estate Institute.  Yet when the Real Estate Agents Act came into effect, a real estate licence was no longer required.   This very low barrier for entry meant a lot of new people entered the industry, cutting corners and service delivery.
 
Why aren’t the rental monies at least deposited into a trust account? Again, because it’s not mandatory for property managers to operate one.
 
It is a question every rental property owner should ask their property managers. It’s not only the smaller players who don’t run trust acounts for rental monies. Sharma is a good example of this. Although his business traded as Property Management Out West Ltd, it was under the branding of Ray White Henderson.
Pixabay-money-2724241_1920
At Quinovic Property Management, we view a trust account as imperative.  It protects our owners’ money and the integrity of our property management services.  All our rental monies come into a centralised trust account.  Then they get disbursed directly and automatically to our rental property owners.  This system means no rental monies are received or controlled by our individual branches.
 
At Quinovic Property Management Parnell, we ensure investment properties are professionally managed to the highest standard.  We can also give you peace of mind, knowing your rental income is protected.  We assist Auckland rental property owners put plans and strategies in place.
 
Have your Auckland rental property managed by Parnell’s property management experts.  Discover how much your rental property could be earning with a rental appraisal.  Follow the link below to complete our online form: