Letting fees are curbed but Twyford has ruled out rent controls

Nice summary

Point of Order

After Parliament voted to ban agents and landlords imposing letting fees on tenants, Housing and Urban Development Minister Phil Twyford said the change will make a real difference to struggling families.

The ban was a good first step in improving the life of renters while the Government continues its broader review of the Residential Tenancies Act, he said.

Twyford foreshadowed tenancy reforms earlier this year, when he said New Zealand tenants had fewer rights than any in the Western world – really? – and said he wanted to modernise the law to improve their lot and to encourage longer, more settled tenancies.

The reforms he discussed then were likely to include restricting rent increases to once a year, banning letting fees and abolishing no-cause terminations, but …

…Twyford has also confirmed that rent controls will not be part of the reform package.

That’s because he thinks rent controls are bad…

View original post 1,334 more words

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About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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