1 October 2014 - 31 March 2015
Market rent is described (in the Residential Tenancies Act) as what a willing landlord might reasonably expect to receive, and a willing tenant might reasonably expect to pay for the tenancy, in comparison with rent levels for similar properties in similar areas.
Market rent is a useful guide when you are deciding what the rent will be. It needs to be comparable to the rent charged for other properties of a similar type, size and location. (If you are charging significantly higher rent than for other similar properties, the Tenancy Tribunal can order you to reduce it.)
Market Rent Data is licensed under a Creative Commons Attribution 3.0 New Zealand License . We ask that if you reproduce or publish this data, you include or provide a link to explanatory material for the data, set out.
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