Landlords required to insulate properties and install smoke alarms

Home / Archives for October 2015

Viewing all posts from October 2015

Rent Speak  

Landlords required to insulate properties and install smoke alarms

Landlords will be required to insulate properties and install smoke alarms, Housing Minister Nick Smith has announced. Under plans to strengthen the Residential Tenancies Act all tenanted properties will require floor and ceiling insulation by mid 2019, while social housing which receives government subsidies will require insulation by July 2016. From next year all rentals will also need to have smoke alarms, and where new smoke alarms were being installed they would have to be […]

Read more
Rent Speak  

Reserve Bank to pause on interest rate cuts for now

A shadow board of economists and business leaders says interest rates should be left on hold this week, amid signs the economy may not be slowing as feared. On Thursday the Reserve Bank of New Zealand will announce the decision in its latest review of the official cash rate [OCR], which follows three consecutive 0.25 per cent cuts to 2.75 per cent. The OCR heavily influences deposit and mortgage rates. At the last Reserve Bank […]

Read more