Hous­ing cri­sis makes ten­ants punc­tual

Auckland City Harbour News - - COMMUNITY COOKBOOK - STAFF REPORTER

Auck­land’s hous­ing short­age is prov­ing good news for land­lords look­ing for punc­tual pay­ment.

Today’s ten­ants are more likely than any pre­vi­ous gen­er­a­tion to pay their rent on time, a ma­jor study by the Auck­land Prop­erty In­vestors As­so­ci­a­tion has found.

Eight hun­dred and fifty as­so­ci­a­tion mem­bers were polled and 74.2 per cent said they had no money ow­ing from their ten­ants.

As­so­ci­a­tion pres­i­dent An­drew Bruce said it was the best re­sult ever recorded for rent pay­ment and re­flected the tight hous­ing mar­ket in the re­gion.

‘‘It’s well doc­u­mented that Auck­land has a short­fall of 40,000 houses.

‘‘Ten­ants value their ac­com­mo­da­tion and, equally, land­lords value the com­mit­ment their clients have to mak­ing the re­la­tion­ship run smoothly.’’

The re­sult would likely have been higher if the sur­vey was worded dif­fer­ently, he said.

‘‘What you’ve got to re­mem­ber is ... peo­ple might have mul­ti­ple prop­er­ties.

‘‘So they might say ‘Yes I’ve got some money ow­ing’ but that could be across a port­fo­lio of two or three prop­er­ties.

‘‘We could have asked the ques­tion a bit bet­ter and the an­swer would have been higher still.’’

The sur­vey found 3.6 per cent of land­lords had ten­ants who were less than a week be­hind in their pay­ments.

How­ever, 12.1 per cent - about 90 land­lords - were owed more than $1000 in back rent.

Bruce said there would al­ways be ‘‘a group of rogues’’ who tried to avoid pay­ing, but the ma­jor­ity of ten­ants were good cus­tomers.

Both ten­ants and land­lords re­alised their re­la­tion­ship was ‘‘sym­bi­otic’’, he said.

‘‘They don’t want to rock the boat if they don’t have to.’’

An­gela May­nard, the co­or­di­na­tor for the Ten­ants Pro­tec­tion As­so­ci­a­tion (Auck­land), said the group had not seen an in­crease in the num­ber of ten­ants be­ing evicted from pri­vate dwellings over non-pay­ment of rent.

How­ever, peo­ple were go­ing to ex­treme lengths in or­der to keep up with their pay­ments, she said.

May­nard knew of renters who had been re­duced to beg­ging on the streets in or­der to meet the cost of liv­ing in Auck­land.

‘‘Peo­ple can’t just pay all their in­come in rent or we’re go­ing to have star­va­tion.’’

KEVIN STENT/FAIR­FAX NZ

Nearly three quar­ters of Auck­land land­lords do not have any money ow­ing from ten­ants.

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