If you’ve ever had to appear before the Tenancy Tribunal, you’d be excused for thinking that’s where a fair chunk of the $80 million could easily be spent, but we think the majority will end up going on policing the HHS stuff. $16 million to be spent increasing investigations of rental properties to ensure healthy homes are realised is a total waste of money according to Andrew King, President of the Property Investors Federation. And the $5 million allocated to the Tenancy Tribunal to deal with an expected increase in hearings due to changes to the RTA is just a drop in the bucket according to King. He also announced that the NZPIF will be actively encouraging the Ministry of Justice to centralise and therefore ‘fast-track’ rent arrears issues with a view to a turnaround time of 5 days instead of the weeks it often takes now to have rent arrear issues heard by the Tribunal. Given that most Tenancy Tribunal matters are about rent arrears the Federations initiative is one we heartly support.
Government dishes the dollars to check up on Landlords National Propertyscouts
If you blinked you probably missed it in the recent budget announcement but $80 million (over the next 4 years) got set aside to police landlord’s compliance with the Healthy Homes Standards, fix issues at the bond center and fund the expected increase in RTA disputes through the Tenancy Tribunal.