August 14th 2017.
Very interesting e/mail Dr. Elinor Chisholm,on should landlords to a bond to cover maintenance costs.
The Manawatu Tenants Union has always held the view that landlords should have a contingency fund to cover unexpected maintenance costs,it is good practice.
Many landlords are slow to make repairs,for their tenants,it usually ends up in the Tenancy Tribunal,for a work order to have the repairs done.In the present rental climate,,tenants take what housing they can afford even if the property is in poor condition. Tenants should always take photos with their phone and save them as it may be needed when proof is required about property damage that was there when they moved in.
Jennifer Duke,has come up with a solution to fix this issue with a mandatory sum of money provided by landlords as "sinking fund" for maintenance or a bond paid by the investor.
Property managers would have the ability to tap into this fund as needed to fix reasonable repairs,without being delayed by the landlord.this would see maintenance done in a timely manner. New Zealand now has a renting culture and rights for tenants have to improve, for all involved in the supporting the cornerstone of family life decent housing.
