Regulation of Property Management Scrapped

The government has recently announced that the regulation of Residential Property Managers bill which was introduced by the previous Government is not going ahead.

The bill required Property Managers to obtain a qualification, adhere to a professional standard of practice and included an independent disputes process including potential penalties for non compliance.

The bill had received mixed reactions from the industry, with some seeing the move as a positive way to improve the standards within the industry but others questioning why private landlords were not included given they manage a large portion of the rental property pool nationally.

The announcement can be found here: https://www.beehive.govt.nz/release/residential-property-managers-bill-not-progress

Just Property Management has always been committed to ensuring we deliver a professional service to all of our clients and tenants, and as part of this commitment we are already members of REINZ and adhere to their thorough industry standards of practice.

The Just property Management team are also signed up to achieve the NZ Certificate in Residential Property Management (Level 4) qualification over the next 12 months to ensure we are keeping the team at the top of their game in order to deliver exemplary service and professional guidance to our clients and tenants.