TINZ


Newsletter 2014/7

July 2014 Newsletter

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 Landlord tip
.

  Landlord and letting agents must keep all Tenancy Application forms for tenants they do checks on, for 6 years after taking the application, regardless of whether or not you took them as a tenant. This is very important if there is ever a complaint via the OPC (Office of the Privacy Commissioner).
 You must be able to prove that you had the tenant's permission to make checks on them. Here is a look at the TINZ Tenancy Application form many of our TINZ members use.


  Landlord tip of the month.   If you would like to share a Landlord tip we would love to hear from you at newsletter@tinz.net.nz . We are looking for short sharp 1 or 2 paragraph tips which will help us all. If we use your tip in a newsletter there will be a small gift in the mail in appreciation for your effort.  

  

TINZ members

It's 150% Promo Month.   
Cut back on your checking costs! For the month of August every  tenant related lodgment you make on TINZ credits your account $3+gst. Your lodgments are always appreciated by someone so feel good about getting paid while you help the next property manager. 

 To take advantage and see how EASY it is, watch a 3 minute tutorial
watch the video

 

 but it  gets  Bigger !

 Every lodgement you make for the next few months is another chance to win a ...


7 days, 6 nights
4 star accommodation in Waikiki 
2x return airfares & transfers
$1000 spending money
Drawn March 2015

 To take advantage and see how EASY it is,  watch a 3 minute tutorial




LOVE TINZ ?
We would like to say thanks and  reward
the next time you  Refer a friend.



Suggestions? Many improvements made on the website are directly linked to suggestions from members. If you think we could do something different or better we would love to hear from you in our   Suggestion Box.

 


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 Article of Interest


Rents in Chch close to levels in Auckland


 Christchurch is becoming one of the most expensive places in New Zealand to be a tenant, with the average rent only $20 a week cheaper than in Auckland.
 >>read more







Market Rents
.

From MBIE. Check the latest  
market rents for your area. 
 

Or you can  Graph MBIE Data

visit website

  



              

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From the desk of the NZPIF..

Rental property owners confirmed as tax payers

 Official Information shows that the perception that rental property owners don't pay tax is wrong.
 Inland Revenue has confirmed that in the year ended March 2013, rental property owners paid nearly half a billion dollars in tax on their rental income.
 This discredits a widely held perception that rental property owners have a tax advantage and don't pay tax. The new information has just become available as a result of an Official Information Act request made by the NZ Property Investors’ Federation (NZPIF).
 The perception was first promoted by the Tax Working Group in 2009. It claimed that rental property should be taxed more as it took money out of the tax system rather than paying into it. However only Inland Revenue data from one year, 2008, was used to back their claim.
 Based on the Tax Working Group’s claims, Government withdrew the ability of rental property owners to claim depreciation, a benefit available to other investments. This has increased the cost of providing rental homes to tenants by $700m a year, or $33.65 per week, per rental property.
 The newly acquired Inland Revenue data shows than over the last 33 years, there have only been two years when rental property owners did not pay tax on rental income. This was in 2007 and 2008 when mortgage interest rates were high.
 "This Inland Revenue information confirms that rental property owners are tax payers and contributors to the New Zealand economy" says NZPIF Executive Officer, Andrew King. "It is also a warning to rental property owners that rental prices need to rise now if they are to have any chance of even partially offsetting the current round of interest rate rises".

 


  We are always happy to hear from you and assist in any way we can. 

Tenancy Information N.Z. Ltd.
PO Box 105524, Auckland City,N.Z.
Ph. 0800 Tenant (0800 836268)

admin@tinz.net.nz
www.tinz.net.nz 

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Disclaimer: This newsletter is for general information purposes only. The views expressed in this newsletter are not necessarily those of TINZ. TINZ has taken all reasonable measures to ensure that the material contained in this newsletter is correct. However, TINZ gives no warranty and accepts no responsibility for the accuracy or the completeness of the material. Readers are advised not to rely solely on this information when making any decision. 

 


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