rental market changes

PHOTO: LIZ MCDONALD/STUFF The ministry acknowledged landlord concerns about their businesses.

Government officials have warned that proposed rental market changes could reduce the number of homes available for rent and increase what tenants have to pay.

The Residential Tenancies Amendment Bill has passed its first reading and has been referred to the Social Services and Community Select Committee.

 “This bill includes a series of reforms to improve the wellbeing of the 609,700 households that live in rented homes, and to provide a balance between the rights and responsibilities of both tenants and landlords,” Associate Housing Minister Kris Faafoi said.

 “In selecting these changes to the Residential Tenancies Act 1986 (RTA), we have been mindful of the need to modernise the law and correct problems in a way which is proportionate and places reasonable requirements on landlords and tenants which can provide both parties with certainty,” he said.


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