Your rental property might be the result of a clever investment plan or something you just fell into. Either way, if you collect rent on a rental home, you’re running a business and there are rules you’ll need to comply with.
Like any small business, if you rent a home, you have customers — your tenants — and contracts and laws you need to understand.
You have to be across the property, the people, the paperwork, the processes and the law changes.
Some requirements all landlords should be aware of are:
Tenancy Services provides templates for the required statements, along with further guidance for landlords.
Statements for tenancy agreements (external link) — Tenancy Services
It’s important that tenants and landlords talk to each other and work together to solve any problems as soon as they happen. If you can’t agree, there are a number of options available, eg mediation.
Disputes (external link) — Tenancy Services
Tenancy Services, a part of the Ministry of Business, Innovation and Employment, holds bond money in trust and has resources and services to help landlords and tenants understand their rights and responsibilities.
Tenancy Services provides information and tools to help you with:
The Tenancy Services website (external link) has agreements, forms and templates to make the paperwork easier. You can pay and lodge bonds online, and lodge complaints and Tenancy Tribunal applications.
Healthy Homes (external link) — Tenancy Services
Market rent calculator (external link) — Tenancy Services
Forms and templates (external link) — Tenancy Services
Landlord News and Market Rent e-newsletters (external link) — Tenancy Services