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Market Rent

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.)

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Market Rent Data is licensed under a Creative Commons Attribution 3.0 New Zealand License External Link. . 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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