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7 May 2024 8:10
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  •   Home > News > Business

    Unpaid rent is becoming a bigger problem nationwide

    Unpaid rent is becoming a bigger problem nationwide


    Landlords are chasing close to $1.3 million in unpaid rent for residential tenancies that ended or were on the brink of ending in the first two months of this year.

    One Auckland tenant fell 33 thousand dollars behind in 3 weeks.

    Another lay dead in their council flat before a landlord's agent went to check on why rental payments had stopped.

    Auckland Property Investors' Federation's Peter Lewis says unpaid rent is an ongoing issue, and tough economic times are making things worse.

    © 2024 Newstalk ZB, NZCity

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     07 May: Peanuts that may contain high levels of a food toxin have mistakenly been released into supermarkets
     06 May: Concerns the Government's putting business ahead of children and teachers
     06 May: Westpac New Zealand is reporting a net profit of 477-million dollar for the six months to March
     06 May: A warning that New Zealand needs to act now, to prevent further insurance spikes in the years to come
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