How’s this for a good news story? Three property owners handed over their keys to Copo on Monday… and by Friday all three properties were filled. 😲 The properties are situated in a development of 14 brand new townhouses in Waiwhetū, Lower Hutt. We were handed the properties on the Monday, and that same night, […]
Some of the new Tenancy Legislation changes that came into effect in February 2021 involve new requirements for tenancy notice periods.
Before the legislation changed, tenants needed to give 21 days’ notice to end a periodic tenancy for no reason. And landlords could issue a 90-day notice to end a periodic tenancy without giving a specific reason. Therefore, under the new tenancy legislation, both tenant and landlord need to do things slightly differently.
Tenants now need to give an extra week’s notice. Increasing to 28 days’ notice. It appears to be harder for a landlord to end a tenancy. We did some digging, though, and found out that most landlords aren’t affected by changes in notice periods within the legislation.