2018 Govt Budget & Insulating Rentals
Insulation subsidies for rental properties will cease on 30 June 2018. Don't miss out if you have eligible properties
Rentals Subsidies to Cease
The 2018 Government Budget has significant implications for landlords who are already required to insulate their rentals by 1 July 2019.
The key Budget outcome for landlords is that Insulation subsidies for rental properties will cease on 30 June 2018 so eligible rental properties need to be ordered by then and are subject to availability of funding and installation by the deadline.
Key Points for Landlords
- The current EECA Warm Up New Zealand: Healthy Homes programme concludes on 30 June 2018. Limited subsidies remain.
- No additional insulation funding has been provided for rental properties.
- Insulation subsidies cease 30 June 2018 for rental properties.
- No change has been made to the deadline for mandatory insulation under the Residential Tenancies Act (RTA). All rentals must have insulation by 1 July 2019.
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Need a Statement of Insulation?
The Residential Tenancies Act (RTA) states that new leases must include a Statement of Insulation and have working smoke alarms installed. We'll help you comply. Contact us today to book your Rental Property Check today.