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Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.
News from Property Investors’ Federation
The Wellington Council is introducing a voluntary Warrant of Fitness for rental properties that they intend to make compulsory in three years. The council says that they want to raise standards and that “every Wellingtonian deserves a warm dry home”.
“The Property Investors’ Federation agrees with this sentiment” says Andrew King, executive officer. “That’s why we supported the rental property minimum standards introduced by Government last year, making insulation in rental properties compulsory by 2019.”
“Ninety two percent of our members’ rental properties are already insulated, with just 17% needing extra insulation to make the new standards”, says King. “This was achieved by the NZPIF negotiating genuine discounts on insulation and heating products for our members. We have also encouraged and educated members on the benefits in providing a good standard of rental property.”
Rental advocacy groups say that the health of tenants is a key reason for needing a rental property WOF. Unfortunately it isn’t…..
Continue reading this article at the original source from Scoop Wellington
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