Peter Lewis: Auckland Property Investors' Federation VP on landlords chasing $1.3 million in unpaid rent in the first two months of 2024

Current Tenancy Tribunal processes are failing to get some tenants to pay what they owe. The Herald's Open Justice reports landlords have been chasing $1.3 million of unpaid rent through the tribunal in just the first two months of this year. Auckland Property Investors' Federation Vice President Peter Lewis says bonds don't cover the cost. "Often you find that you have a bond that's, say, $2000. But by the time a deal is made, the debt can be more that $4000-$5000." LISTEN ABOVESee omnystudio.com/listener for privacy information.