Canterbury landlords warned about excessive rent rises
Landlords must give tenants 60 days' written notice of intentions to raise rents and cannot make subsequent increases within 180 days of the last increase.
Department of Building and Housing client services manager Jeff Montgomery is predicting some increase in rents in Canterbury, which is to be expected when demand exceeds supply, although only for the short term.
"Rents might go up a little bit, but they will settle down. There are little bumps all the time, for example when the America's Cup was in Auckland, rents rose as a result. The same is bound to happen for the Rugby World Cup."
DBH is not expecting landlords to raise rents to an extent as to end up at the Tenancy Tribunal, as it would need to be proved that the rent being asked for was considerably outside the scope of market rent.
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.
