Consultation begins for rental damage
INTEREST.CO.NZ – Landlords are welcoming the Government’s proposal to put some of the onus back on tenants to pay for damage they accidentally cause to the homes they rent.
Yet question marks remain over what’s the best way to do so.
Building and Housing Minister Nick Smith is suggesting a change to the Residential Tenancy Act that would see tenants liable for damage caused by carelessness or negligence up to the value of their landlord’s insurance excess, but not exceeding four weeks’ rent.
A director of the tenancy services firm Tenancy.co.nz, Scotney Williams, believes Smith’s proposal has struck the right balance protecting the interests of both landlords and tenants.
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