PHOTO: STUFF Tenants want more security of tenure, the Government says.

A bill that will revamp the rules for New Zealand’s residential tenancy market has been introduced to Parliament – but not everyone is happy.

The Residential Tenancies Amendment Bill introduces a number of changes, including increasing financial penalties when the law is broken, anonymising details of the successful party in Tenancy Tribunal cases, ensuring tenants can make minor changes to properties and banning rent bidding.

It will also require fixed-term tenancies to become periodic unless both parties agree otherwise, which is designed to stop all the tenancies in an area finishing at the same time in peak demand periods.

It also gets rid of landlords’ ability to remove their tenants without giving a reason, if they give 90 days’ notice.