PHOTO: Andrew King. Photo credit: The AM Show
The New Zealand Property Investors’ Federation head Andrew King says there will be job losses and reduced hours for tenants, meaning paying rent could be a struggle for some.
“Some tenants may have to give up their rental property and move in with others. There could be a shortage of tenants, therefore it would be wise to help your existing tenants to stay in their rental,” he told Newshub.
“If your tenant has lost their employment, consider not requiring rent for a week or two to allow government assistance to kick in.
“Many rental property providers are increasing their rental prices, so consider deferring this for a few months until the situation becomes clearer.”
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