As you’re well aware new healthy homes standards and insurance requirements for rental properties in New Zealand have changed recently. The changes will play a significant role in improving the wellbeing of New Zealanders. It also greatly affects what property managers need to keep track of in their portfolio.
Healthy Homes Standards
What has changed for Property Managers?
- Landlords must include a signed statement with any new, varied or renewed tenancy agreement that they will comply, or already does comply, with the healthy homes standards.
- This is in addition to the existing requirement since 1 July 2016 to include a statement with all new tenancy agreements that covers what insulation a property has, where it is, what type and what condition. These two statements can be combined and provided with one signature.
- Landlords must keep records that demonstrate compliance with any healthy homes standards that apply or will apply during the tenancy.
Insurance Requirement Changes
Landlords will now need to provide insurance information in any new tenancy agreement and tell tenants if this information changes. The insurance policy for the property needs to be available on request.
How Can Palace Help?
Palace has recently updated its features to meet the changes in the Healthy Home Standards regulations and the Residential Tenancies Amendment Act 2019.
We worked with the Ministry of Business, Innovation & Employment (MBIE) on what was required and we added the most important fields, as well as customisable fields. They merge into the Healthy Homes Standards Statement that is required. Download the HHS Statement that integrates with Palace now. Convert to Word first and then you can drag and drop into Palace and add the fields.