Prop­erty Bro­kers

CHB Mail - - NEWS -

July 1st saw some sig­nif­i­cant law changes come into ef­fect in New Zealand in­clud­ing a plas­tic bag ban, a new petrol tax, an in­crease in paid parental leave en­ti­tle­ments as well as changes to the Res­i­den­tial Ten­an­cies Act.

From this date it is now com­pul­sory for all rental prop­er­ties to have com­pli­ant ceil­ing and un­der­floor in­su­la­tion (where it is rea­son­ably prac­ti­ca­ble to in­stall). In ad­di­tion to this, new Healthy Home stan­dards also came into law, cre­at­ing spe­cific and min­i­mum stan­dards for heat­ing, in­su­la­tion, ven­ti­la­tion, draught stop­ping, mois­ture ingress and drainage in rental prop­er­ties. Pri­vate land­lords have un­til July 1, 2021 to en­sure rental prop­er­ties com­ply with the stan­dards, while Hous­ing NZ and other so­cial hous­ing providers have an­other two years.

The Healthy Homes Stan­dards (HHS) are:

Heat­ing – Rental homes must have fixed heat­ing de­vices in liv­ing rooms, which can warm rooms to at least 18°C. Some heat­ing de­vices are in­ef­fi­cient, unaf­ford­able or un­healthy, and they will not meet the heat­ing stan­dard re­quire­ments.

In­su­la­tion – Rental homes must have ceil­ing and un­der­floor in­su­la­tion which ei­ther meets the 2008 Build­ing Code, or (for ex­ist­ing ceil­ing in­su­la­tion) is at least 120mm thick.

Ven­ti­la­tion – Rental homes must have the right size ex­trac­tor fans in kitchens and bath­rooms, and open­ing win­dows in the liv­ing room, din­ing room, kitchen and bed­rooms.

Mois­ture and drainage – Rental homes must have ef­fi­cient drainage and gut­ter­ing, down­pipes and drains. If a rental home has an en­closed sub­floor, it must have a ground mois­ture bar­rier if it’s pos­si­ble to in­stall one.

Draught-stop­ping – Rental homes must have no un­nec­es­sary gaps or holes in walls, ceil­ings, win­dows, floors, and doors that cause no­tice­able draughts. All un­used chim­neys and fire­places must be blocked.

Over­all, this is a pos­i­tive change, and it will lift the stan­dards of rental prop­er­ties across the coun­try. How­ever; the re­al­ity of the new reg­u­la­tions could be quite daunt­ing for land­lords, and the costs in­volved to bring all the prop­er­ties up to stan­dards.

If you are think­ing of in­vest­ing into the prop­erty mar­ket and pur­chas­ing prop­erty as a rental, to help you make an in­formed de­ci­sion it is a good idea to in­ves­ti­gate as to what level, if at all, a prop­erty is cur­rently in­su­lated as well as con­sid­er­ing what work (if any) will be re­quired to bring the prop­erty up to Healthy Home stan­dards.

For more in­for­ma­tion about the Healthy Homes stan­dards check out this handy guide at: https://www.ten­ or pop into our of­fice and have a chat with one or our friendly prop­erty man­agers.

‘Proud to be here, proud to work for you’ says it all.

Think­ing Real Es­tate, call the num­ber one Team.

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