1 October 2017 Newsletter - 1st Oct 2017

1 October 2017 Newsletter Haven Property Management statistics-
Occupancy rate 99.76%
Arrears - 0.73% for September 2017
Tenancy Tribunal attendances in the past 12 months – 5 (all with positive outcomes)

Our Spring Special of a house wash and gutter cleaning has drawn lots of interest but there is still time to take advantage of the this. Just to confirm, we have partnered with Jeff Neilson Waterblasting to offer a September/ October special to clear the guttering, hand wash and         softwash a single storey 3 bedroom home for a flat fee of $260 + GST!! Multi storied dwellings, patios/ decks and pathway by negotiation, so speak with your Property Manager today.
Tenancy Tribunal

In a recent Tenancy Tribunal case in Otago (Perry v Inglis) a Dunedin landlord was ordered to repay $10,000 rent to a tenant, because the tenant had been living in a property with unpermitted alterations. The tenant had stayed for 29 weeks. The Landlord bought the property as is. They did not realise that the alterations were different from plans submitted to the Dunedin City Council, and did not request a LIM report.
The tribunal said the tenancy was unlawful because of the unpermitted work and the tenant was entitled to a full refund of all rent paid.
Real IQ Property Management consultant David Faulkner agreed there could be thousands of landlords in Inglis' position. "It's in the New Zealand psyche to do it themselves but all of a sudden a lot of legislation is coming into effect, and a lot of people are being caught out." He said 90 per cent of Tenancy Tribunal applications were made by landlords. "If tenants started taking landlords to the tribunal we would find out how many non-compliant landlords there are in New Zealand ... tenants have plenty of rights, they just don't know they exist." 
This precedent serves as notice to Owners and places the emphasis on them to ensure that the dwelling and any out buildings, sleepouts or decks etc carries the appropriate permits required by Local Authorities. As your Agent, we will be contacting you individually to ensure that your   investment property is “a lawful” property with a Code of Compliance for any alteration signed off. If you are in any doubt quiet research should be conducted to ensure compliance has been obtained.

Rental Market
With the weather warming the demand for rental properties has again risen since last month. With selling listings becoming harder to obtain property owners are looking to sit on their investments as the market shows no sign of slowing in Nelson/ Tasman, which is good news for existing tenants however the region continues to draw in families nationally and internationally placing pressure on the existing rental stocks.
The median rent for Nelson/Tasman across all rental dwellings in August was $391.50 (NZ Property Investor September 2017) an increase of 7.46% for the 12 months ended September 2017

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From the team at Haven Property Management


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