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Moving out of home and into your first rental property is a big milestone and a bit of an adventure! Whether you’re heading off to university, starting a new job, or simply ready to embrace independence, renting for the first time can feel both exciting and overwhelming. Don’t worry - we’ve got you covered. Here’s our guide to help you navigate the process like a pro.
1. Understand the Rental Process
Finding a rental property starts with knowing where to look. Websites like EVES Rentals, Trade Me Property, Realestate.co.nz, OneRoof and MyRent are great places to start. Reaching out to Property Management companies directly can also be beneficial in your search for a new home.
Once you’ve found a place you’re interested in, you’ll need to organise a viewing before completing an application form.
Be ready to provide certain information and documents when applying:
- Proof of identity (like a passport or driver’s license).
- References (employers, teachers, or family friends are good options).
- Proof of income (such as payslips or a letter from your employer).
If your application is successful, you’ll sign a tenancy agreement—a legal document outlining your rights and responsibilities. Read it carefully and ask questions if anything is unclear.
2. Budget for Upfront Costs
Moving into a rental involves a few initial expenses. Be prepared to pay:
- Bond: Typically equivalent to four weeks’ rent, held by the Bond Centre at Tenancy Services as security.
- Two week’s rent: Paid in advance before moving in.
Plan your finances to ensure you can cover these costs without stress.
3. Get Insurance
Many first-time renters don’t realise the importance of insurance. While your landlord’s insurance covers the building, it doesn’t protect your personal belongings. Contents insurance safeguards you against loss or damage caused by theft, fire, or other unexpected events. Renters insurance can provide additional cover like liability protection for accidental damage.
4. Organise Utilities and Internet
Before moving in, you’ll need to set up essential services:
- Electricity and Gas (if needed): Contact providers to start an account for your new address. It’s a good idea to shop around online first, to see if any companies have promotions going or bundle deals for joint services.
- Internet: Choose a plan that suits your needs, whether you’re a casual browser or heavy streamer. You may need to check if there is an existing fibre connection available at the property. Again, it’s a good idea to research different companies online, to see if there are any special deals available.
Make arrangements in advance to avoid delays once you’ve moved in. It’s a good idea to confirm your move-in date with all providers, so that you are set up and ready to go. You can also look at companies like FastConnect who can get all your services set up and connected for you!
5. Understand Your Responsibilities
As a tenant, you have specific responsibilities under New Zealand’s Residential Tenancies Act. These include:
- Paying rent on time
- Keeping the property clean and tidy
- Reporting any maintenance issues to your property manager promptly
- Notifying your landlord if you plan to be away for an extended period.
Equally, your landlord has responsibilities, such as ensuring the property is safe, habitable, and maintained.
6. Inspect the Property Thoroughly
When you move in, you’ll complete a Property Condition Report. Take this seriously - it’s your chance to document the current condition of the property as well as any existing damage. Take photos of the property, check over the report and ensure that it accurately records the current condition of the property. Let your property manager know if you have any concerns.
7. Know Your Rights
New Zealand’s tenancy laws are designed to protect both tenants and landlords. Some key things to know:
- Rent increases are limited to once every 12 months.
- Your landlord must give at least 24 hours’ notice before an inspection.
- If issues arise, like unresolved maintenance problems, there are channels (such as the Tenancy Tribunal) to resolve disputes fairly.
- There have been recent changes made to notice periods and tenancy terminations, you can read about these changes HERE.
8. Build a Good Relationship with Your Property Manager
Your property manager is there to help ensure your tenancy runs smoothly. Communicate openly with them, whether it’s about maintenance, rent payments, or any concerns you have about the property. A respectful relationship makes life easier for everyone.
9. Keep Track of Your Tenancy Documents
Stay organised by keeping copies of important documents, including:
- Your tenancy agreement
- Pet agreement if applicable
- Inspection reports
- Receipts for rent payments and bond refunds
Having these on hand can save you time and hassle if questions or issues arise.
10. Prepare for Moving Day
Finally, when the big day arrives, make a checklist to ensure nothing gets forgotten. Pack efficiently, label boxes, and keep essentials like toiletries and chargers handy. When moving into your first rental, it's important to source or purchase some essential items and furnishings that will make your space functional and comfortable without breaking the bank. Start with the basics for each room:
· In the kitchen, consider a set of pots and pans, utensils, plates, glasses, and storage containers.
· For the bedroom, a comfortable mattress, bedding, and pillows are key.
· In the living room consider a small sofa, a coffee table, and perhaps some inexpensive lighting or rugs to make it cosy.
· Make sure you’re prepared with some basic cleaning supplies such as a broom, mop, dustpan, and dishwashing essentials, as well as a basic toolkit for quick fixes.
· Lastly, stock up on day-to-day items like toilet paper, a laundry basket, and towels.
Gradually build on these essentials as you settle in and make your new place feel like home.
Ready to make a move? Let us help!
EVES are here to support you into your first rental property. Check out our listings online or get in touch with the team to get started: www.evespropertymanagement.co.nz