Ten­ants more punc­tual

Central Leader - - OUT & ABOUT - 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,’’ he says.

‘‘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 says.

‘‘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.

A study has shown to­day’s ten­ants are more likely than any pre­vi­ous gen­er­a­tion to pay their rent on time.

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