Housing New Zealand (HNZ) provides social housing to eligible tenants in New Zealand. If you are looking to rent a property from HNZ, you will be required to sign a tenancy agreement. The tenancy agreement is a legal document that outlines the terms and conditions of your tenancy and the responsibilities of both you and HNZ.
The HNZ tenancy agreement is a crucial document that ensures a smooth, hassle-free tenancy. It is essential to read and understand the agreement before you sign it. Here are some key points you need to know about the HNZ tenancy agreement.
1. Duration of Tenancy
The tenancy agreement usually lasts for a fixed term of six months or one year. After the fixed term, the tenancy can either be renewed or terminated. If you wish to renew your tenancy, you will need to do so in writing before the fixed term expires.
2. Rent and Rent Arrears
The tenancy agreement stipulates the rent amount and how often it should be paid. The rent is usually paid weekly, fortnightly or monthly. It is your responsibility to pay the rent on time. Failure to pay rent on time may result in rent arrears, which could lead to eviction.
3. Property Maintenance
As a tenant, you are responsible for keeping the property clean and tidy. You should report any maintenance issues to HNZ as soon as possible. HNZ is responsible for repairing and maintaining the property, but you may be liable for the cost if damage is caused by your negligence or misconduct.
4. Bond and Insurance
HNZ requires a bond to be paid before you move into the property. The bond is usually equivalent to four weeks` rent and is held by the Ministry of Business, Innovation and Employment. You may also be required to have contents insurance to protect your personal belongings.
5. Termination of Tenancy
The tenancy agreement outlines the circumstances under which the tenancy may be terminated, such as non-payment of rent or breach of the agreement. HNZ may also terminate the tenancy if it requires the property for another purpose.
In conclusion, the HNZ tenancy agreement is a crucial document that protects both you and HNZ. It is essential to read and understand the agreement before you sign it. If you have any questions or concerns about the agreement, don`t hesitate to contact HNZ for clarification.