Grants available to insulate rental properties
Recent changes to the Residential Tenancies Act 1986 require all rental properties to have ceiling and underfloor insulation meeting a set standard, where reasonably practicable, by 1 July 2019.
A limited number of grants (for 50% of the cost) are available through Warm Up New Zealand: Healthy Homes, on a first-come-first-served basis for rental properties occupied by low-income tenants and are not owned by a government agency. The criteria are:
- Rental property was built before 2000
- The named tenant has a Community Services Card, and
- The named tenant has been referred by the Ministry of Health’s Healthy Homes programme.
It’s important to keep your tenants warm and dry. Tenants who live in healthy homes with adequate insulation are more likely to stay on, and warm and dry homes are likely to attract good tenants.
This article is taken from issue 24 of PropertySpeaking, the quarterly e-newsletter of the NZ Law group of law firms of which HomeLegal is a member. To talk further about this topic, or for any of your conveyancing needs, please do not hesitate to call HomeLegal or contact us online.