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Renew Tenancy Agreement

Renew Tenancy Agreement Template for New Zealand

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Key Requirements PROMPT example:

Renew Tenancy Agreement

"I need a standard Renew Tenancy Agreement for a residential property in Auckland, extending the current lease for 12 months from March 1, 2025, with a 5% rent increase and no other changes to the existing terms."

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Document background
The Renew Tenancy Agreement is essential for property managers and landlords in New Zealand who wish to formally extend an existing tenancy arrangement. This document is typically used when a fixed-term tenancy is approaching its end date and both parties agree to continue the tenancy relationship. It must comply with the Residential Tenancies Act 1986 and related regulations, including the Healthy Homes Standards. The agreement captures any updates to terms, rent adjustments, and property modifications while maintaining continuity with the original agreement. It's particularly important in New Zealand's residential rental market where formal documentation of tenancy arrangements is legally required and provides protection for both landlords and tenants.
Suggested Sections

1. Parties: Identifies the landlord/property manager and tenant(s), including their full legal names and contact details

2. Background: References the original tenancy agreement, its date, and confirms the parties' intention to renew the tenancy

3. Definitions: Defines key terms used in the agreement, including any new terms not in the original agreement

4. Term of Renewal: Specifies the new fixed-term period or periodic tenancy arrangement, including start and end dates

5. Rent and Bond: States the rent amount, payment frequency, method of payment, and confirms existing or additional bond arrangements

6. Property Details: Identifies the rental property address and any included chattels or facilities

7. Continuing Terms: Confirms which terms from the original agreement remain in effect

8. Modified Terms: Details any changes to the original agreement terms

9. Signatures: Space for all parties to sign and date the renewal agreement

Optional Sections

1. Rent Review: Include when the renewal includes a rent increase or future review provisions

2. Property Modifications: Include when any alterations to the property have been agreed upon as part of the renewal

3. Additional Occupants: Include when there are changes to the authorized occupants

4. Special Conditions: Include when there are specific arrangements or conditions unique to this renewal

5. Healthy Homes Standards Compliance: Include when updates regarding compliance with Healthy Homes Standards need to be documented

6. Insurance Details: Include when there are changes to insurance arrangements or requirements

Suggested Schedules

1. Schedule 1 - Property Inspection Report: Updated condition report of the property at the time of renewal

2. Schedule 2 - Modified or Additional Terms: Detailed list of any changes to the original agreement terms

3. Schedule 3 - Healthy Homes Standards Compliance Statement: Current compliance status with required standards

4. Appendix A - Property Maintenance Schedule: Updated maintenance responsibilities and schedules

5. Appendix B - Body Corporate Rules: If applicable, current body corporate rules affecting the tenancy

6. Appendix C - Insurance Statement: Updated insurance information as required by the Residential Tenancies Act

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Management

Residential Housing

Legal Services

Property Investment

Housing Services

Social Housing

Property Development

Relevant Teams

Legal

Property Management

Residential Leasing

Compliance

Operations

Administrative Support

Tenant Relations

Asset Management

Documentation

Risk Management

Relevant Roles

Property Manager

Leasing Manager

Real Estate Agent

Legal Counsel

Tenancy Compliance Officer

Housing Officer

Property Administrator

Rental Portfolio Manager

Facilities Manager

Real Estate Investment Manager

Tenant Relations Coordinator

Legal Administrator

Industries
Residential Tenancies Act 1986: The primary legislation governing residential tenancy relationships in New Zealand, covering rights and obligations of landlords and tenants, including renewal provisions
Privacy Act 2020: Regulates how personal information of tenants must be collected, used, stored and disclosed in tenancy agreements
Human Rights Act 1993: Ensures non-discrimination in tenant selection and treatment based on protected characteristics like race, gender, disability, etc.
Building Act 2004: Sets standards for building safety and compliance that landlords must adhere to when renting properties
Residential Tenancies (Healthy Homes Standards) Regulations 2019: Specifies minimum standards for heating, insulation, ventilation, moisture and drainage that rental properties must meet
Property Law Act 2007: Contains general provisions about property rights and obligations that may affect tenancy relationships
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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