What is market value rent in NZ?

Market rent is what a tenant can expect to pay for a home, and what a landlord can expect to charge. It needs to be similar to the rate for a similar dwelling type with the same number of rooms in a similar location to your property

How do you calculate how much rent to charge?

The amount of rent you charge your tenants should be close to market rent rate for a dwelling of similar type, with the same number of rooms, in the same area. Other factors to consider are the condition of your property, the location, and the time of year you are renting your property.

How much can rent be increased NZ?

Rent can be increased if renovations and improvements have been made to the property, facilities or services for the tenant have improved, or a change has been made to the tenancy agreement to benefit the tenant.rnLegally, rent can be increased every 180 days. However, NZ's Residential Tenancies Act is currently under review with proposed changes in 2020 including limiting to one rent increase every 12 months.