Welcome back to our blog—your spot for simple, practical financial tips you can use. Managing your finances doesn’t have to be boring, and we’re here to keep it fun, easy, and relatable. Whether you’re a seasoned landlord or renting for the first time, we’ve got fresh content every week to help you stay on top of your money game.
Exciting Updates for Tenancies: What You Need to Know
Being informed is key when it comes to smart financial decisions, especially with property management. Recently, there have been some important updates to tenancy laws that every landlord and tenant should know about. Here’s the lowdown:
Changes for Periodic Tenancies:
Ending Tenancies: Landlords can now end a periodic tenancy without giving a specific reason, as long as they provide 90 days’ notice.
Special Conditions: In some cases, landlords only need to give 42 days’ notice if:
-
- The property is needed as the main home for the landlord or a family member within 90 days of the tenancy ending, and it will be used as their main residence for at least 90 days.
- The property is needed for an employee or contractor, as stated in the tenancy agreement.
- The property has been sold with the requirement for vacant possession under an unconditional sales agreement.
Tenant’s Rights: Tenants can still end their periodic tenancy anytime by giving 21 days’ notice.
Changes for Fixed-Term Tenancies:
Switching to Periodic Tenancies: Fixed-term tenancies will now automatically roll over into periodic tenancies unless:
-
- Notice to end the fixed-term tenancy is given between 90 and 21 days before the term ends, no specific reason required.
- The landlord and tenant agree on a different plan if more than 90 days remain on the lease.
Staying on top of these changes ensures everyone—landlords and tenants—can handle their agreements smoothly without any surprises. Keep these updates handy, and you’ll be prepared to navigate any tenancy situation with confidence.
Meet Our Blog Partner: Georgia Blatchford from Harcourts Whakatane
We’re thrilled to announce our collaboration with Georgia Blatchford from Harcourts Whakatane. Georgia is an experienced Property Manager with over five years of local expertise. Her proactive approach, eye for detail, and excellent communication skills make her a standout in the industry. Georgia has previously led a property management team, giving her a deep understanding of tricky legislation and a knack for building strong relationships.
Backing Georgia is Anri, her super-organised Personal Assistant. Together, they form an awesome team dedicated to providing top-notch service and maximising your investment returns. Utilising the latest technology, they conduct thorough inspections and handle maintenance swiftly, ensuring your property is always in great shape. With a robust network of trusted contractors, you can trust Georgia and Anri to take excellent care of your investment.
Let’s Collaborate!
This blog isn’t just ours – it’s a community space for everyone to share their stories and tips. Have a financial hack or a property management success story? We’d love to hear from you! Drop us a comment or reach out on social media to share your insights.
Stay tuned for more fresh content every week, and remember, managing your finances should be fun and rewarding. Let’s navigate the financial landscape together with confidence and a smile!
Looking forward to connecting with you!
