Understanding Your Tenancy Agreement

Before the keys are handed over, tenants and landlords both sign a tenancy agreement. But what is actually in that document, and why does it matter?

Whether you are renting for the first time or have done it all before, understanding your tenancy agreement is essential. It sets the ground rules, outlines everyone’s responsibilities, and protects your rights.

Here is what tenants should know.

What Is a Tenancy Agreement?

A tenancy agreement is a legally binding contract between a landlord and tenant. It outlines the terms of the rental and is required by law in New Zealand.

There are two common types of tenancy, and your agreement will state which one applies:

• Periodic tenancy — continues until either party gives notice

• Fixed term tenancy — runs for a set period (for example, 12 months)

Understanding your tenancy agreement means knowing which type of tenancy you have and how it affects your rights and responsibilities.

Key Information It Should Include

Your tenancy agreement should clearly list:

• The names and contact details of the landlord and tenant

• The address of the rental property

• The rent amount and how often it must be paid

• The bond amount and when it is due

• The start and (if applicable) end date of the tenancy

• Who is responsible for lawns, gardens, and utilities

• Any special conditions, such as no pets or restrictions on smoking

Always read the agreement fully before signing. If there is anything you do not understand, ask questions. You are allowed to take your time.

What If Something Is Not in the Agreement?

If something was agreed to verbally — for example, permission to have a pet — make sure it is also written into the agreement. If it is not in writing, it may not be enforceable later on.

Good property managers will ensure everything is clearly documented and agreed by both parties.

Bond and Rent in Advance

Your tenancy agreement will outline when the bond is due and how much rent must be paid in advance. The bond must be lodged with Tenancy Services, and you should receive confirmation from them once it is processed.

Make sure you keep a copy of this confirmation for your records.

Changing or Ending the Agreement

Tenancy agreements can be changed later, but only if both the landlord and tenant agree. Any changes should be made in writing and signed by both parties.

Ending the tenancy also needs to follow the proper legal process. This includes giving the correct amount of notice and following any conditions stated in the agreement.

Final Thoughts

Understanding your tenancy agreement helps avoid confusion, disagreements, and costly mistakes. It is there to protect both the tenant and the landlord.

At RENTit, we believe a clear, fair agreement is the foundation of a successful tenancy. If you are ever unsure about something in your agreement, just ask. It is better to be informed from the start.

Getting the keys is just the start — understanding your tenancy agreement sets the foundation for a smooth tenancy.