New Zealand’s Rental Market Evolution: Welcoming Pets into Homes
New Zealand’s rental market is becoming more welcoming for pet owners, thanks to the proposed changes in the Residential Tenancies Amendment Bill 2024. These updates will create more opportunities for pet-friendly rentals, benefiting both tenants and property owners by providing a more secure and structured environment.
We’ve all heard stories of pets causing damage—chewed carpets, scratched doors, and ruined lawns. Understandably, many property owners and managers have been hesitant to allow pets, viewing them as a risk. However, we’ve long needed better rules to protect property owners while still allowing pets. The new changes, set to take effect from late 2025, offer a balanced solution for both parties.
The Value of Pet-Friendly Rentals
Pet-friendly rentals are increasingly valuable in today’s market. With more people choosing to rent for longer—or even for life—having the option to live with pets has become essential. Pets bring joy, comfort, and companionship, enriching the lives of their owners. Allowing pets not only meets tenants’ needs but also fosters a more stable and satisfied rental community.
Property owners who welcome pets often find that pet owners are more settled and tend to stay longer, reducing turnover and vacancy rates. This stability is beneficial for both tenants and property owners, leading to long-term relationships and consistent rental income. In a competitive market, a pet-friendly property stands out, attracting a broader range of responsible tenants.
What the New Bill Means for Pet-Friendly Rentals
- Pet Bonds for Fairness and Protection:
The Bill introduces the option for a ‘pet bond,’ allowing property owners to request an additional bond of up to two weeks’ rent to cover any pet-related damage beyond normal wear and tear. This measure provides a fair way to protect property owners’ investments while encouraging them to welcome tenants with pets. - Clear Rules for Pet Ownership:
Tenants who wish to keep a pet must obtain written consent from the property owner, who can only refuse on reasonable grounds, such as the property’s suitability or concerns about the pet’s breed or behavior. These rules provide clarity and fairness, making it easier for responsible pet owners to secure rental homes. - Shared Responsibility for a Positive Rental Experience:
Tenants are fully liable for any pet-related damage beyond normal wear and tear, encouraging a shared responsibility in maintaining the property. This provision helps ensure a positive experience for both tenants and property owners.
Tips for Property Owners to Embrace Pet-Friendly Rentals
To take advantage of these changes, property owners can create a welcoming environment for pet owners by:
- Choosing Durable, Pet-Friendly Materials: Opt for scratch-resistant flooring, like tile or vinyl, which is easy to clean and maintain.
- Enhancing Outdoor Spaces: Make sure outdoor areas are secure and pet-friendly, with proper fencing and designated pet zones.
- Adding Pet-Friendly Features: Consider amenities like pet doors to appeal to pet owners.
- Setting Clear Expectations: Communicate pet-related guidelines and expectations upfront to ensure a smooth tenancy.
By embracing these changes and adopting a pet-friendly approach, property owners can enjoy longer, more stable tenancies and contribute to a vibrant, inclusive rental market across New Zealand. Tenants with pets will find welcoming homes where they and their furry friends can thrive, enhancing their quality of life and building a stronger community.
If you want advice on renting your property out as ‘pro pets,’ reach out—we’ll make it happen. Or, if you’re looking for a property for you and your furry friends, take a look at our listings—we’d love to help!
For more details on the Residential Tenancies Amendment Bill 2024, visit the HUD website.
Woof!