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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.

Watch the briefing here.

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