What is a bright-line test?

What is the bright-line test?

Vicki Hetherington News

The ‘bright-line’ test has been a hot topic this year. Originally brought in as a simpler way of applying an income tax on speculator’s “flipping” houses, the term originates from US constitutional law where a bright-line rule or test is “a clearly defined rule or standard, composed of objective factors, which leaves little or no room for varying interpretation”. The purpose of …

Landlords can expect to feel the crunch from increased policing.

Vicki Hetherington News

Could you hear the collective groan of landlords around New Zealand as the government made the budget announcement last month? With $80 million set aside for the Bond Centre, Tenancy Tribunal, and Healthy Homes initiatives, we’re sorry to say that landlords can expect to feel the crunch from increased policing. From this budget $16 million has been set aside to …

Making Minor Changes to Rentals

Vicki Hetherington News

2021 has seen New Zealand’s biggest tenancy reforms in more than three decades. Corporate Property Rentals is here to help you to understand what these changes are. One of the changes made earlier this year now means that tenants may ask to make minor changes to their rental and landlords must not decline if the change is minor. This sounds …

Minimise Costs by Claiming Expenses.

Minimise Costs by Claiming Expenses.

Vicki Hetherington News

Rising costs for landlords mean many property owners are looking for ways to minimise costs without passing additional expense onto their tenants, who are also riding out the Covid-19 storm. Claiming for expenses can help to increase your profits. If you have a rental property that is not used privately at all, you can minimise costs and increase your profits …

Healthy Homes Reminder

Vicki Hetherington News

Three months to go until one of the important compliance dates for healthy homes takes effect! From 1 July 2021, private landlords must have their properties up to scratch with the healthy homes standards within 90 days of any new, or renewed tenancy. Rest assured, we are working hard to make sure all our owners comply by the deadline. For …

What do recent law changes mean for fixed-term tenancy agreements?

Vicki Hetherington News

By now you will have heard that the Residential Tenancies Act 1986 was amended on 11 February 2021, as part of the biggest reform of tenancy law in three decades. There are many changes to wrap your head around, and one question we are hearing a lot is what does it mean for existing fixed-term tenancy agreements? Lucky for you, …