MARK TAYLOR/Stuff
Colin Taylor is facing a 42 per cent increase on his rent – a jump he says is unexpected and unaffordable. Taylor was told on February 11 of the rent increase for the house on Hillsborough Terrace, which is owned by Rentrezi Limited, a Pragma Homes-controlled company. “That s a 42 per cent increase on my rent. It s a massive amount extra for me, it completely blows my budget.” When he moved about two and a half years ago, Pragma Homes rental agents Rent Easy said the house was very cold, but it was set for demolition – allowing the low rent but no upgrades, Taylor told
Early exit from tenancy agreements see renters handed expensive bills
3 Mar, 2021 10:49 PM
5 minutes to read
Consumer New Zealand say it s outrageous to charge so much but property managers say they re just following the rules. Photo / File
Consumer New Zealand say it s outrageous to charge so much but property managers say they re just following the rules. Photo / File
RNZ
Tenants wanting to exit a rental early are being loaded up with high fees from property managers and landlords.
Renters advocates and Consumer New Zealand say it s outrageous but property managers say they re just following the rules.
A mother-of-two who wishes to remain anonymous wants to leave her rental because it s next to a bar and she doesn t feel safe.
SunLive - Expensive bills for early tenancy exits - The Bay s News First sunlive.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunlive.co.nz Daily Mail and Mail on Sunday newspapers.
Save
Share
Thereâs a moment of overwhelming pathos in the picture of James Packer holed up in his Aspen mansion on Tuesday evening, reading Commissioner Patricia Bergin QCâs excoriating report from her casino inquiry that demolished his lifeâs work.
Itâs not just that Bergin clearly wants Packer out of Crown Resorts, where the 36.8 per cent stake held by Consolidated Press Holdings (CPH) makes him still the shareholder with the biggest voice. Itâs the ignominy of the proposed exit, the walk of shame, the rejection of the role that has for two decades defined him, that has to hurt.
It caps off an exuberant year for New Zealand’s property market and signals a record summer ahead, influenced by record-low mortgage rates, robust consumer sentiment and demand outweighing supply.
Though the Reserve Bank of New Zealand will reinstate loan-to-value ratios in March, it is not expected to have much impact on the growth, with Goodall forecasting a record summer for prices.
At a time of global uncertainty, he wrote, “It is clear that New Zealanders are looking towards property as a safe investment and the most attractive asset for wealth accumulation”.
It means the inaccessibility of housing for first-time or low-income buyers – as well as protections for renters – is shaping up to be a key concern for Jacinda Ardern’s government.