The law protecting tenants can make landlords reluctant to take risks with tenants with bad credit

Taranaki's mother Sarah Belle, along with her 11-month-old son Kyon, says it's nearly impossible to find a place to live if you have <a class=bad credit.” style=”width:100%;display:inline-block”/>

BRODY DOLAN / Tips

Taranaki’s mother Sarah Belle, along with her 11-month-old son Kyon, says it’s nearly impossible to find a place to live if you have bad credit.

A law to protect tenants could make it more difficult for people with bad credit histories to get a rental, the New Zealand Real Estate Institute has warned.

On Wednesday, Parliament passed Bill amending the Residential Tenancies Bill that removes 90-day unjust terminations, potentially making it more difficult for landlords to remove problematic tenants.

REINZ chief executive Bindi Norwell said that, combined with a shortage of rentals, it was becoming increasingly difficult for people with bad credit to access rental properties.

“The reality is that these days it may be more difficult for those with a ‘checkered’ credit history to enter rental property, as landlords are not very inclined to take a chance on it. someone who might not be able to pay the rent on time every week.

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Real Estate Institute NZ chief executive Bindi Norwell said it would become even more difficult for people with

JOHN BISSET / STUFF

Real Estate Institute NZ chief executive Bindi Norwell said it would become even more difficult for people with “verified credit histories” to rent due to bill to amend the use rental bill. housing, which was adopted on Wednesday.

“This is especially true in an environment where we have a dearth of good rentals in many parts of the country and where landlords can be more selective about who they choose to live in their rental property.”

McDonald’s real estate rental division manager in Taranaki, Pam Hight, said demand in the area exceeded supply.

“We are very concerned that we will not be able to meet this demand and many tenants are absent. “

There were only 10 properties available for rent on McDonald Real Estate last week and 79 rental listings for Taranaki on Trademe Property.

“We are in desperate need of stock to help accommodate the many applicants who are trying to find accommodation.”

With an 11-month-old son and another baby on the way, Taranaki wife Sarah Belle knows what it’s like not being able to get a rental.

After applying for over 40 years in Taranaki and Waikato, and without success due to a poor financial situation, she decided to live with her father and two sisters.

Belle just wants an owner to give her and her son Kyon a chance.

BRODY DOLAN / Tips

Belle just wants an owner to give her and her son Kyon a chance.

“It’s really difficult because it’s just a little three bedroom house. My sisters had to go to a room and I had to put Kyon and I in a room and I have a baby on the way, ”said the 27-year-old.

Getting a credit card in her early 20s and breaking up a relationship forced Belle to consolidate her debt and have bad credit. This now prevents him from obtaining a rental.

She realized there was a shortage of rentals and demand was high, but it wasn’t until she got an email from a real estate agent that she got angry.

The email stated that she was unlikely to be considered by owners as she had no rental history and bad credit, so her request “is considered very high risk”.

“I just wish they would look past that. And the irony is that in order to have a good story you have to buy something higher up, which I can’t.

“I’m really stuck and I don’t know what to do anymore.

“I really hope someone will give me a chance. I’m clean and tidy and can pay rent, just wasn’t lucky.

“I want to be and do better for my children, but I don’t have this opportunity.”

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