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      Canterbury's current rental market situation ...

As wAs we progress into 2013 and reflect on the effects the quakes have had on rental  properties and on the rental market in general we remain ever mindful of both the tenants and their home and the homeowner and their investment.    An unfortunate knock-on effect of so many damaged and unusable houses has  created a supply and demand imbalance and as a consequence is now putting upward pressure on rents. It's a difficult balancing act but we're endeavouring to meet the needs of tenants to keep rents at a respectable level while on the other hand appreciating the homeowners position of ever escalating expenses such as EQC levies, insurance premiums, council rates and overall maintenance costs.  We believe we also remain very competitive with our own management fees within the property management industry and will continue to provide a very good service for our tenants and homeowners. As we continue through the next couple of  years perhaps things may correct themselves to a degree as more houses are repaired/rebuilt but unfortunately we believe we are stuck with the current situation for quite some time yet.

 

SomSome homeowners & tenants may not be aware that new rulings to the Residential Tenancies Amendment Act 2010 states absent landlord houses must be managed:

16A L    16A Landlord must have agent if out of New Zealand for longer than 21 consecutive days

 (1) A landlord who is out of New Zealand for longer than 21 consecutive days must ensure that the landlord has an agent in New Zealand.
(2) A landlord who does not already have an agent and who knows that he or she will be out of New Zealand for longer than 21 consecutive days must appoint an agent before he or she departs from New Zealand.
(3) A landlord who does not already have an agent and who has been out of New Zealand for longer than 21 consecutive days must promptly appoint an agent.
(4) A landlord who appoints an agent under this section must, immediately after appointing the agent,-
(a) notify the tenant of the agent's name, contact address, and address for service; and
(b) if a bond is held in respect of the tenancy, notify the chief executive in the approved form of those particulars.
(5) An agent appointed under this section has, as against the tenant, all the rights and obligations of the landlord.
(6) A contravention of any of subsections (1) to (4) is declared to be an unlawful act.

 If you're considering renting out your house and require it to be     managed we are requiring good quality homes for good quality tenants who are currently waiting !

 Min Sarginson

 

  Coastal real estate - it's what we do!

 



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