We’ve had times where relationships between our property managers and tenants have broken down.
But it doesn’t have to be that way.
Our friendly team sees your happiness and comfort as a priority — it’s just as important to us as keeping our landlords happy. Continue reading “13 easy ways to stay on your property manager’s good side”
The next release of rateable values (RV) in the Queenstown Lakes District is happening in October 2017. With the release only occurring every three years, it’s likely your property’s RV will have changed significantly in this time. Continue reading “Understanding the difference between rateable value and market value”
Meth contaminated properties have popped up a lot in the media over the last few years and, in June 2017, a new national standard came in to provide guidance on the testing and clean-up of methamphetamine in houses.
Standards New Zealand manager Carmen Mak said it would make houses where meth had been found safer.
“Application of the standard will provide assurance that activities such as screening, sampling, testing, assessing, and decontamination of contaminated properties, and disposal of their contents, are carried out in accordance with good practice.”
For landlords, meth contamination is a huge concern. On one side you want to keep your tenants safe and on the other you need to make sure you don’t find yourself with a contaminated house or unable to claim on your insurance.
By following the new standard and operating with best practice, landlords can minimise the risk. Keep reading to find out more.
Methamphetamine is a powerful, highly addictive stimulant that affects the central nervous system. It’s a potent stimulant and it has long-lasting and harmful effects on the central nervous system, making it a drug with high potential for widespread abuse.
Properties can become contaminated when tenants use or manufacture meth on the premises, and the level of contamination varies on how much is used or manufactured. When meth is manufactured, contamination tends to be higher and the home may need to be completely stripped and cleaned and, in extreme cases, demolished.
Luckily, strict procedures for identifying meth contamination are becoming more commonplace in New Zealand.
It is your responsibility to provide a safe and healthy home for your tenants. If a landlord rents out a property that is contaminated, they are breaching their obligations under the Residential Tenancies Act 1986, as well as other legislation such as the Building Act and the Health Act.
If possible, conduct a test prior to buying a property as part of your due diligence. The costs of decontamination are high and you want all the information before purchasing.
Here at Harcourts, for example, we now have a clause in all our sale and purchase agreements stating a buyer can decide whether to carry out a contamination test as part of their due diligence process.
If you already own a property and suspect it may be contaminated, it’s vital to take immediate action for the safety of your tenants. If they’re living in a contaminated home, they’re exposed to serious health risks in both the short- and long-term, so “now” is always the best time.
A test usually costs between $100 and $300. Your property manager can advise the right method of testing for you and will put you in contact with a reputable company.
We encourage you to take meth contamination extremely seriously and be vigilant in having your property tested. And, if you find that your property is contaminated, we recommend that you tell the police or local council.
It’s vital to regularly check and update your insurance cover. Some policies may outright excluded drug-related damages and some policies limit cover to a certain amount — a limit of $20,000 for example is unlikely to cover a full decontamination of a meth lab.
There may be certain obligations landlords have to meet such as: exercising reasonable care and obtaining references for tenants; completing inspections every three months and upon change of tenants; keeping written reports of inspections. You may also need to provide evidence that the property became contaminated while you were insured, in which case you will need to have carried out previous meth tests and have recorded their results and dates.
Harcourts Property Management has strict processes in place to protect our landlords against methamphetamine contamination. We take great care in our tenant selection process, we conduct thorough inspections every three months and we keep full documentation of the previously listed items — whatever happens, we’ll help make sure you’re covered should your property become contaminated.
Queenstown is no stranger to luxury property — it’s long been a magnet for the discerning property buyer who likes to live or holiday in paradise all year round. With world-class skiing, golf courses, boating and hiking on your doorstep as well as high-end restaurants, spas and shopping, Queenstown is one of the best places in the world for outdoor excitement, relaxation and rejuvenation.
The Tiers Villas are designed with this covetable lifestyle in mind. We caught up with Will Taylor, project developer and founder at Alpha Properties, to learn more about what buyers can expect from Stage 6. Continue reading “The Tiers Villas — your special somewhere”
Renting for the first time? Heading to university? You might be feeling a bit apprehensive about getting your own place or maybe you’re unsure about the costs and rules involved in a tenancy.
We’ve put together a list of our most frequently asked questions from tenants to help you get in the know. Keep reading to see if we answer your question and, if not, get in touch and we’ll get back to you quickly. Continue reading “Renting FAQS: your questions answered!”
There are many creative ways landlords can boost their rental yield. With small improvements you can make your property more suitable for the rental market and you’ll quickly find tenants are willing to pay more for a property that really meets their needs. Continue reading “10 landlord tips to boost your rental yield”
Applying for a rental property can be a daunting process — there’s plenty of paperwork and some legal considerations and financial requirements, as well as the fact that you’re probably facing up in direct competition against a bunch of other potential tenants who want the same property.
But there are things you can do that may make your property manager and landlord view your tenancy application more favourably.
Spring is the perfect time to sell your home so we’ve compiled three irresistible marketing packages to generate more interest in your property, no matter your budget. Continue reading “Spring: we call it selling season!”
Our approach begins and ends with client care: you are our priority.
The Harcourts international network spans 830 offices in 10 countries.
Harcourts is NZ's Most Trusted Real Estate Brand (Reader's Digest, 2012-16).