The Residential Tenancies Amendment Bill was passed on August 5 2020, among a series of changes it introduces is a limit on how often rent can increase, from currently 6 months to 12 months, this will take effect at the end of the Covid-19 rent freeze.
It will provide tenants with more certainty and allow them to plan their finances in advance, as a result, landlords may issue more significant rent increases. Let’s keep a close eye on the rent changes over the coming months.
Source: stuff.co.nz