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Tenant FAQs
HOW MUCH BOND DO I HAVE TO PAY?
Waikato Real Estate Limited requests 4 weeks bond.IS THAT ALL I HAVE TO PAY BEFORE I CAN MOVE IN?
No. You will be required to pay one week rent in advance, plus the bondWHAT HAPPENS TO MY BOND?
The bond is lodged with the Bond Centre who holds it in trust. Waikato Real Estate Limited may make a claim against the bond for any of the following reasons - rent arrears, damages, outstanding water accounts, cleaning, lawns and gardens, rubbish removal. If you and Waikato Real Estate cannot agree on the amount being claimed, either of you may apply to the Tenancy Tribunal to resolve the matter.HOW MUCH NOTICE DO I HAVE TO GIVE IF I WANT TO END THE TENANCY?
That will depend on whether the term of your tenancy is a Fixed Term or a Periodic.What's the difference? A fixed term tenancy cannot be terminated by notice by either yourself or Waikato Real Estate Limted. It has a start and finish date and you will be responsible for the rent for the entire term of the tenancy. However, if both parties agree the tenancy can be terminated sooner.
A periodic tenancy can be terminated by notice. You are required to provide Waikato Real Estate Limited with 21 days written notice.
The landlord must provide you with written notice -
42 days if they or any of their family require the property for their own use.
42 days if the property has been sold.
90 days for any other reason.
If you wish to vacate before either the 42 or 90 days it is important to know that you are still required to provide the landlord with 21 days notice.
CAN THE RENT GO UP DURING A TENANCY?
Fixed Term Tenancy: Yes, but only if it is written into the Tenancy Agreement.Periodic Tenancy : Yes
For both of the above the landlord must provide you with 60 days notice of the increase. The rent cannot be increased within 180 days after the date the last increase took place or from the start date of the tenancy.
CAN THE LANDLORD SELL THE PROPERTY IF I HAVE A FIXED TERM TENANCY?
Yes, the landlord has the right to list his property for sale regardless of the term of the tenancy.However you will be entitled to remain in the property for the duration of the fixed term. This term may be extended if you and the new landlord agree. Waikato Real Estate Limited will negotiate with the landlord on your behalf to reach a mutual agreement.
WHAT ABOUT SUB-LEASING?
Waikato Real Estate Limited Tenancy Agreements do not permit subleasing or re-assigning of a tenancy.ONE OF OUR FLATMATES HAS LEFT. CAN I CHANGE THE LOCKS?
Not without the consent of Waikato Real Estate Limited. If it is agreed then you are obliged to provide Waikato Real Estate Limited with a set of the new keys.WHEN CAN A PROPERTY MANAGER ENTER THE PROPERTY AND HOW MUCH NOTICE AM I ENTITLED TO?
Notice for access varies as follows-- If you agree, Waikato Real Estate Agent can enter the property immediately
- For the purpose of carrying out a routine inspection 48 hours.
- For the purpose of carrying out necessary repairs or maintenance 24 hours
- For the purpose of showing the property to prospective tenants, purchasers or a registered valuer by consent (which cannot be unreasonably withheld)
WHAT SHOULD I DO IF I AM TEMPORARILY UNABLE TO PAY MY RENT?
The most important thing to do is to contact Waikato Real Estate Limited as soon as you are aware there will be a problem with your rent payment. Simply ignoring the problem will not make it go away and very likely cause us concern and commence breach and eviction proceedings.WHAT ABOUT THINGS THAT NEED FIXING?
It is your responsibility to notify Waikato Real Estate Limited as soon as possible of any repairs or maintenance required so we can take the necessary action.WHAT DOCUMENTS SHOULD I, AS A TENANT, BE GIVEN BEFORE I MOVE INTO THE PREMISES?
The following items are required:- Copy of the Tenancy Agreement
- In-going Inspection Report
- Receipt for initial rent amount and bond monies
- Property Manager Contact Details
WHAT DOES A PROPERTY MANAGER DO?
A property manager acts as the landlord for the owner of the property. Tenants contact the Property Manager to view properties, sign a tenancy agreement and make them aware of any maintenance or emergencies. Property Managers inspect the property regularly to make sure it is in good condition and report back to the owner. Property Managers collect the rent from you and pass it onto the landlord. They also will handle any breaches of your agreement and take you to Tenancy Tribunal on behalf of the owner if necessary. You will NOT need to contact the owner directly about anything unless the property manager role was simply to find tenants and sign them up (tenant finding service). In this case, the owner will manage the relationship with you themselves and you will be given their contact details.WHAT HAPPENS TO MY BOND AT THE END OF THE TENANCY?
It is returned to you less any claims the landlord makes against it such as damages, arrears, cleaning etc.WHAT IS THE DIFFERENCE BETWEEN A FIXED TERM AND A PERIODIC TENANCY?
A fixed term tenancy has a start date and a finish date you are responsible for the rent for the entire term of the tenancy it can only be terminated by mutual consent.A periodic tenancy can be terminated by notice you must give the landlord 21 days written notice, the landlord can give you 42 days notice, if the property has been sold or they require it for their own or family's use (if you wish to vacate prior to the 42 days you have to give 21 days notice) the landlord can give 90 days notice for any reason at all.
WHEN CAN I GET THE KEYS?
When all payments have been made and the property is ready, this depends on the vacate date of the previous tenant but we aim for midday on the day of the start of the tenancy.CAN THE RENT RISE DURING MY TENANCY?
Fixed Term: No, Unless it is written into the tenancy agreement. Periodic: YesHowever, the rent cannot be increased within 180 days of the start of a tenancy or within 180 days after the last rent increase.
The landlord is required to give 60 days notice of the increase.