Minister of Finance Grant Robertson provided more detail around tenancies. Key points were:
Rent Freezes: Rents are frozen. Increases in rent over the next 6 months are prohibited for any reason.
Tenancy Termination: Landlords will be unable to terminate existing tenancies unless limited and specific justified reasons apply. The reasons are:
- Where the tenant is 60 days behind in rent. This is an increase from the normal period of 21 days.
- Where the tenant substantially damages the property
- Where the tenant assaults or threatens to assault the landlord or their neighbours.
- Where the tenant engages in significant anti-social behaviour.
He also spoke directly to landlords of commercial property and urged them to speak to their tenants and encouraged them to work with them.