Call for rent caps after freeze ends
When New Zealand went alert level four lockdown back in March, the Government introduced a temporary freeze on rent increases in a bid to support people through the uncertainty.
This meant that landlords could not increase the rent on sitting tenants – although the rent freeze did not apply to new tenancies.
Six months on, the rent increase freeze is due to end (on September 26) and that’s likely to see rent rises for many tenants.
NZ Property Investors Federation executive officer Sharon Cullwick says it’s effectively been eight months since landlords have been able to activate rent increases and some catch-up was inevitable.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
