Property Brokers gets anti-money laundering/terrorism Internal Affairs warning
1 Mar, 2021 04:25 AM
5 minutes to read
A national 80-branch real estate agency Property Brokers got the first formal warning in the real estate sector for not complying with anti-money laundering law but the chain s chairman Tim Mordaunt said the state only was trying to make an example of them.
Te Tari Taiwhenua Department of Internal Affairs issued a formal warning to the successful chain with 300 staff. No fines were imposed. This is the first formal warning issued to a real estate agent under this legislation, the department said of the agency s non-compliance with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
Property manager slammed for discriminatory advice
18 Jan, 2021 09:00 PM
3 minutes to read
Legislation prohibits landlords from discrimination on the basis of you or intellectual disability. Photo / 123RF
An Auckland property management company has backtracked after advising landlords that renting to young people and the intellectually disabled was a fatal mistake .
Clarke Group Property Management shared the advice in a blog post on its website titled 15 Fatal Mistakes New Zealand Landlords Make When Signing a Tenancy Agreement .
Amongst other tips for landlords, the firm advised: . many savvy landlords choose to avoid underaged tenants given that they are new to renting, do not have experience taking care of a property, and are known for being fond of parties and loud music. The likelihood of damage and noise complaints increases when you are renting to an underaged tenant .