C12 - Private Rentals
The private rental sector is the largest rental sector in New Zealand and includes the full range of housing types, from units and apartments to stand-alone houses.
For the most part, the sector is dominated by small-scale landlords who rent out a small number of properties at market rents.
There is considerable variation in the quality of the rental housing available in the private market and in the management skills of private rental landlords.
- There is considerable choice in terms of housing types and location.
- Most rentals are available for periodic or short lease terms, which gives you the flexibility and opportunity to move whenever you want.
- Periodic tenancy offers little security as, in certain circumstances, a landlord only has to give 63 days' notice to end a tenancy.
- Market rents can be very expensive.
- In most cases, you will be expected to pay a bond (which you won't get back until you leave) and rent in advance.
What do I need in order to take this option?
- You need to have the funds available to pay the going market rent, as well as the bond and rent in advance.
- A suitable rental property needs to be available in the area where you are looking.
Could this option limit my future choices?
For more information