Earthquake strengthening requirements, warrants of fitness, a rental property register were among a summary of regulatory moves that could cost private sector landlords dearly appeared in the May issue of the Hawke’s Bay Property Investor Insider newsletter.
The Building (earthquake prone buildings) Amendment Bill, a knee-jerk reaction to the Canterbury earthquake compiled by error-prone bureaucrats (See Bureaucrats bungle earthquake policy) for gonzo Minister Maurice Williamson, passed its first reading on March 5, 2014. Owners of buildings with three or more household units and those with two or more storeys should be aware that under the bill these buildings would have to be strengthened.
