Originally Posted by
Bjauck
mistaTea;1048087 And good for you. Thanks. I was asked if I thought there is an imbalance in contract law. I do not. Even when coalition statutory changes come into force, it will just change the mix of rights and obligations. The whole housing and rental market is riddled with the effects of government policy, requirements and subsidies. This of course benefits landlords as well as tenants. There is not an uncontrolled free market. The fact NZ households seems to prefer to invest in residential housing by a margin over investing in equities indicates where the balance of cost/benefit of entering contracts has lain.
But there is no requirement to sell it if you want to stop renting it to someone (as you seem to think there should be. Sure, if a tenancy has legally ended. You can keep you investment property empty, or keep it is an extra home. It could become an expensive exercise, with negative returns in a consolidating property market. Not a good investment. However that is up to you if you can, and are prepared to bear those costs.
If I have a tenant living in one of my properties - and I decide I no longer wish to rent the property out to the tenant, I quite rightly have an avenue to do so. From 2025, when the Residential Tenancy Act amendments with no cause evictions take effect. Will the amendments be retrospective - and apply to pre-exisiting agreements?
Whether I am doing it because I intend to sell the property, or prefer to rent the property out to someone else I know, or have split from my wife and need my own place to live, or want to move my whole family into the rental is actually none of my tenants business.
I don’t have to provide evidence or a good story as you seem to think. All I have to do is give a minimum of 90 days notice.
You are desperately trying to make a big deal out of a non-issue.
You had the conniptions over my posts.