ZB ZB
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Auckland Property Investors' Federation VP cites slow tribunal process as unpaid rent piles up

Author
Newstalk ZB,
Publish Date
Mon, 1 Apr 2024, 11:05AM
Photo / Ilona Hanne
Photo / Ilona Hanne

Auckland Property Investors' Federation VP cites slow tribunal process as unpaid rent piles up

Author
Newstalk ZB,
Publish Date
Mon, 1 Apr 2024, 11:05AM

Current Tenancy Tribunal processes are failing to get some tenants to pay what they owe.

The Herald's Open Justice reports landlords have been chasing $1.3 million of unpaid rent through the tribunal in just the first two months of this year.

Auckland Property Investors' Federation Vice President Peter Lewis says bonds don't cover the cost.

"Often you find that you have a bond that's, say, $2000. But by the time a deal is made, the debt can be more that $4000-$5000."

LISTEN ABOVE

Take your Radio, Podcasts and Music with you