For any new tenancy agreement signed after 01 July 2021 your property will legally have to comply with all five Healthy Homes Standards within the first 90 days. To keep on top of things here’s a reminder of what the changes mean,…
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The hot recent housing market has seen Kiwis buying and selling houses at some of the highest rates ever. While the effects of FOMO (fear of missing out) may make it tempting to dive into the market, we’re here to remind…
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On 30th of July 2019 changes to the legislation around tenant damage and meth contamination were passed into law. The Residential Tenancies Amendment Act 2019 will: limit tenants’ liability for careless damage in rental properties to the landlord’s insurance policy excess…
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The requirement for 3 monthly property inspections forms part of most landlord insurance policies. A rental property that is inspected regularly is less likely to be ill treated by its tenants, and if the property does suffer some damage it is easier to establish what and when it happened. There…
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If you plan on renting out a room or your house to short term tenants, there are some things you need to consider. One of the most important is how it will affect your insurance cover. Non-Disclosure Failing to tell your insurance company about the change in occupancy could result…
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Do you know what goes on in your property? One of initio’s largest claims was contamination caused by a methamphetamine laboratory that was discovered during a police raid. While these kids are simply enjoying experimenting with their new science lab, the lab set up in your rental property might not…
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Landlord, or Rental Property Insurance is an insurance policy that specifically covers the property owner (Landlord) for their Rental Home and some of the risks associated with being a landlord. Owning and insuring a rental property is a bit different from owning and insuring your own home. That’s why it’s…
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As a landlord, the risks to which you are exposed are often not covered by a standard insurance policy. When taking this next step on the property ladder it is important to have the right Landlord Insurance cover in place to save yourself from headaches down the track. Does your…
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Andrew King, of the New Zealand Property Investors Federation, has written a common sense article on the consequences of meth in rental properties. The consequences of Meth in rental properties has been escalating over the last few years. Fortunately it isn’t the actual health consequences of meth in rentals (except…
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While keeping yields high on your rental property is generally the objective, as a landlord it’s important to keep up with maintenance as deferring it can end up costing you a lot more. The added benefit is that well maintained properties are less likely to suffer weather and fire related…
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What you need to know about insuring your investment property. Recently we were approached by the Auckland Property Investors Association to do a brief Q&A on landlords insurance, and some of the risks that landlords face in the modern market. You can find some of the common questions and answers…
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Being a landlord comes with unique benefits and advantages. However, there are also risks with having tenants or guests stay in your property. To best protect yourself and your property, it’s important to know where to look and who to trust. In most cases, you can learn the most from…
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