The Residential Tenancies Amendment Bill has passed its third reading last Thursday, delivering on the Government’s “commitment to deliver sensible changes to tenancy laws”, Housing Minister Chris Bishop says in his announcement.

Here at Summit Property Management, we see these changes as positive and will help in getting more stock into the rental housing market plus clarify several of the rules rental property owners operate under, below is a summary of the changes.

 

Changes to take effect from - 30th January 2025

Tenancy termination changes, including: 

reintroducing ‘no cause’ terminations, meaning a landlord can end a periodic tenancy with 90 days’ notice without requiring a specific reasonreducing landlords’ notice periods for ending a periodic tenancy to 42 days in specific circumstancesreducing tenants’ notice periods for ending a periodic tenancy from 28 to 21 daysreintroducing landlords’ ability to give notice to end a fixed-term tenancy at the end of its term without requiring a specific reason

 

Changes to take effect from – 20th March 2025

Changes to improve clarity and efficiency, including:

clarifying that landlords can prohibit smoking inside the main rental premisesclarifying provisions for withdrawing from a tenancy due to family violence

 

Changes to take effect from – Date TBC – expected late 2025 (commencement is by Order in Council, enabling a date to be set later)

Pet-related changes, including:

the ability to charge a pet bond at a maximum equivalent of two weeks’ rentnew pet consent and damage liability rules

 

Contact a Summit Property Manager HERE

Find out more 

After an incredible WIN A CAR spring campaign, we’re delighted to announce the winner of the brand-new Toyota Corolla Hybrid: Jan and Edmond Reddington of Stoke!

Jan shared her excitement, by saying:

“It was truly a no-brainer. It was a Summit experience!”
“It will be a hoot having a Toyota!”

This thrilling conclusion marks the highlight of a campaign that brought so much energy and excitement to Nelson, Tasman, and Marlborough. Qualifying properties listed during the campaign period were entered into the draw, and those who both listed and sold earned double the chance to win.

A special thank-you to:

James from NZ Police, for serving as our official witness and ensuring a fair and transparent draw.Bowater Toyota, for generously lending us the demo car that turned heads throughout the campaign throughout the region.Claire from Open2View, for capturing the exciting announcement on camera.MediaWorks, for airing our campaign far and wide across the region.

To our valued vendors: Thank you for trusting Summit Real Estate with your property journeys this spring. And to our dedicated sales team, your unwavering commitment continues to make our results exceptional.

Congratulations once again to Jan and Edmond Reddington! Your success is a testament to our belief: Bigger Team, Better Results.