Rent is the money paid by the tenant for the right to live in a property.
Although rent is usually money, rent may also include any goods or services charged for the right to live in a property. Rent doesn’t include any money paid or owed as a bond.
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Tenants and landlords both need to understand how rent is charged and paid.
It’s very important for landlords and tenants to keep accurate records about the tenancy.
Rent can be increased by a landlord if the correct notice period is followed and certain conditions are met. Rent can also be reduced.
Tenants and landlords need to know what to do when rent is overdue, and where they can go for help.
Many people’s situations have changed as New Zealand has progressed through the different lockdown levels in response to COVID-19. As a result, there may be a need for tenants and landlords to discuss and negotiate rents. Tenancy Services has provided some guidance on rent discussions to help you during this time.