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The clock is ticking for landlords

 

By now, landlords, property managers and most tenants throughout New Zealand will be aware of the changes to the Residential Tenancy Act concerning home insulation.

These laws require all rental properties to have adequate ceiling and under floor insulation installed, where practicable, by 30th June 2019.

The introduction of the new insulation law is seen as the most effective way to safeguard tenants by requiring that landlords maintain warm, healthy, energy-efficient houses.

What landlords and property management companies may not be aware of is that they could be liable for a $4,000 fine (per non-compliant property), payable to the tenants, if their investment properties do not meet the standard in time.

With an estimated 125,000 rental properties still requiring better insulation, these owners and property managers are being urged to take action now to avoid the impending rush.

Local long-established insulation specialists EnergySmart are a selected service provider for the government’s EECA (Energy Efficiency and Conservation Authority) insulation programme, and currently offer both landlords and homeowners great savings to better insulate their properties.

The company offers free property assessments. If the existing insulation already complies, then EnergySmart provides an insulation Compliance Certificate for the property.

If insulation is required, they provide a Compliance Report and a Quote to complete the work. An extended home energy assessment is also available, with EnergySmart also supplying heat pumps and LED lights if required.

EnergySmart are one of the largest manufacturers and installers of insulation products in New Zealand and supply a range of home solutions including their own insulation brands Terra Lana wool and PolyKing polyester, as well as supplying Pink Batts fibreglass insulation. These market-leading brands all carry a 50- year warranty.

EnergySmart installers are fully trained, clean and tidy, and their work is audited both internally as well as by the government, so you are assured of the highest standard of workmanship.

EnergySmart has easy payment options including no deposit and 36 months interest free, meaning you can insulate your property from only $12 per week. This enables landlords to insulate now, take advantage of current discounts, and beat the rush.

While insulation in rental properties is now a legal requirement for landlords, they will also have the satisfaction of knowing their tenants are living in a warmer home, and consequently are more likely to stay.

Gardens Cottage in Oamaru photoshopped 1