Some of the standards rental properties will soon be required to meet could leave both tenants and landlords financially worse-off. New Zealand's rental housing tended to be older, smaller and less well-equipped with insulation and heating appliances than owner-occupied homes. ROSS GIBLIN/STUFF Housing and Urban Development Minister Phil Twyford announced the changes, which will require a minimum standard for heating, insulation, ventilation, moisture and drainage in residential rental properties. If they sell them into the owner-occupier market there could be a reduction in rental properties but possibly a removal of one potential client from the demand for rental properties. Compliance timeline:July 1, 2021 – Private landlords must ensure rental properties comply with the healthy home standards within 90 days of any new tenancy, and all boarding houses must comply with the healthy home standards.

Source: Stuff February 25, 2019 02:19 UTC