We strive to keep Wellington property owners up to date with the latest property information.
Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.
The need for landlords to treat their rental properties as a business is highlighted by three new Tenancy Tribunal rulings.
By The Landlord
Landlords from Auckland, Wanganui and Wellington have been ordered to pay a total of nearly $17,000 due to Tenancy Compliance and Investigations Team (TCIT) investigations.
Auckland landlord Peter Wheeler, who owns five boarding houses, was ordered to pay $12,344.64 for failing to lodge tenants’ bond money as required by the Residential Tenancies Act.
The Tenancy Tribunal adjudicator described the actions of Wheeler as being “intended to avoid the need to forward bond money to the Bond Centre” and “to avoid future scrutiny by the Tenancy Tribunal”.
Wanganui Home Maintenance Limited was ordered to pay $3563.52 across eight applications for failing to lodge bonds, failing to maintain the premises, and providing misleading insulation statements.
Wellington Landlord Perry Rama agreed to pay $1000 after he allowed tenants to return to their rented property while it was still the subject of a ‘Dangerous Building Notice’ issued by the Wellington City Council.
He also agreed to pass the management of the properties on to a property management company.
TCIT acting national manager Peter Hackshaw says………….
Continue reading this article at the original source from Landlords.co.nz
Own property in Wellington? Get our Free Halina Sells Houses e-Newsletter HERE