Some recent changes to rental legislation in New Zealand will affect all landlords, and we want to tell you about those things today. The Osaki Case has been widely covered by the media, and deservedly so. It’s been in the news because there has been a huge legal precedent set. The Court of Appeal has ruled that tenants aren’t necessarily liable for accidental damage to a Landlord’s insured property.
Summary of the Osaki Case
A Landlord’s property was rented out to a tenant called Mr. Osaki, and the home was insured by AMI. Mr. Osaki’s wife left a pot of oil on high heat unattended for five minutes. Fire broke out, causing significant damage to the home. The repair cost was $216,000. The insurer...
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