Residential Property Management Regulation of Residential Property Managers Bill - Update

Date: 31 Aug 2023

On Friday 18 August, the Real Estate Institute of New Zealand (REINZ) announced that the legislation to regulate residential property managers in New Zealand was introduced in Parliament. 

This is the long-awaited next step in this becoming law. This bill establishes a regulatory regime designed to improve the provision of residential property management services in New Zealand, by establishing minimum entry requirements for residential property managers, ensuring residential property managers meet professional standards of practice, and establishing a complaints and disciplinary process that applies to residential property managers. 

Should the Bill have its first reading this side of Christmas 2023, ministers and the public have a chance to provide feedback.

Extract from Harcourts PM Focus Newsletter- August 2023.