Auckland Rental Blogs from Charlton Property Management

Fixed Term Tenancies

  • Thursday April 15, 2021

Fixed-term Tenancies

There has been a lot of media attention on the property management industry as most of the changes to the Residential Tenancies Act 1986 came into effect on 11 February 2021. Unfortunately, as with any change, there has been some misinformation circulating.

It has been reported that the Residential Tenancies Amendment Act brings the end to fixed-term tenancies.

Charlton Property Management want to assure landlords that fixed-term tenancies and the renewal of fixed-terms are just as relevant as they have ever been, as both landlords and tenants seek security of tenure.

The important change to be aware of for both landlords and tenants is that for fixed-term tenancies granted from 11 February 2021, the landlord must provide a reason to terminate the tenancy and the notice periods are longer. The reasons to terminate a tenancy are specified in the Act.

Your Charlton Property Management team have been trained on the changes to the Act, and if you have any questions or concerns, we encourage you to speak to your property manager

 

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