Minimum Rental Periods
The minimum rental agreement period is 6 months for an apartment and years for a house.
Required Documents for Signing a Lease
Typical requirements to sign a lease are:
• 2 forms of ID
• Proof of income
• Proof of employment
• References x 2 (Not always required)
Standard Security Deposit
The security deposit is equivalent to 4 months’ rent.
Local Norm for Returning the Security Deposit
The security deposit is returned within 30 days of the lease termination and once all repair costs are applied.
Should you choose to utilize the services of a real estate agent to help you in your search, agencies usually collect commission equal to 1 weeks’ rent plus Goods and Services Tax.
Payment of Rental Commission
The agent’s rental commission is typically paid by the tenant.
Accepted Method of Payment
Wire transfer and cash are acceptable methods of payment.
Typical documentation required to obtain a driver’s license include:
• Valid ID
• Current driver’s license (translated to English)
• Medical certificate
• Eye exam
It is acceptable to drive with an international license from many countries for up to 12 months, then an NZ license is required.
In order to open a bank account, you may be asked for:
• Valid passport
• Valid visa
• Proof of residence such as a utility bill or employment agreement
• Minimum deposit (varies depending on the bank)
The time required to open a bank account varies depending on the bank and the type of account being opened.
All information and requirements are bank dependent, however they will need to meet NZ anti-laundering laws.