Rental Homes

[jimc23]

Just curious. There seem to be many homes to rent in Auckland City area. Do the majority have the possibility for lease terms, or are most just short term rentals. Just trying to understand the market.

Thanks !

[KiwiHopeful]

Throughout NZ about 40% of homes are rental properties, rather than owner-occupied. Therefore, long-term rental homes are very common. Most agencies, in my limited experience, ask for leases of 6 or 12 months.

You can find many rental homes listed on TradeMe, or through any of the real estate sites, such are Harcourts.

TradeMe is probably the best place to look, though, as most agents list properties on both their website and TradeMe.

Good luck!

[fevziye99]

what sort of an advance rent do such home-owners want? For example a 12 month lease, how is rent due? month-to-month, quarterly-advance, yearly advance?

[Welshgirl]

A bond is, in most circumstances, payable and is held by a 'Tenancy Service', rather than the landlord directly - you then have to apply to them to have your bond returned at the expiration of the tenancy. (The bond is usually the equivalent of 4 weeks rent). Rent is generally paid monthly in advance, but will depend on each particular landlord. Methods of payment again, are variable but are usually direct bank credit.

HTH and welcome to the forum

[ebianca]

We paid 3 weeks rent for our bond and had to pay 2weeks up front. We pay our's weekly. We also didn't have to pay a fee which most agencies seem to charge a weeks rent plus GST.

[fevziye99]

Originally Posted by Welshgirl

A bond is, in most circumstances, payable and is held by a 'Tenancy Service', rather than the landlord directly - you then have to apply to them to have your bond returned at the expiration of the tenancy. (The bond is usually the equivalent of 4 weeks rent). Rent is generally paid monthly in advance, but will depend on each particular landlord. Methods of payment again, are variable but are usually direct bank credit.

HTH and welcome to the forum

Hi Welshgirl, tk for the welcome, and thank you for your answers.

[MotherBear]

This is from the Dept. of Building and Housing and has some useful information for tenants. There is a sticky link to this website at the top of the Locations/Properties category.