FAIR RENTS ACT
Reaction Against Tenant Class Dominion Special Service. Napier, February 24. A Napier land agent stated to-day that in his opinion the Fair Rents Act was reacting directly against the tenant class which it had been designed to protect. Napier house owners, he said, were reluctant to let houses, preferring to keep them vacant until a sale could be made.
There was a very marked tendency among house owners to make a strong effort to sell when properties became vacant. This he ascribed to the fact that owners were entertaining an uneasy feeling that there was always the chance of this legislation being extended to cover houses not now embraced by the' Act.
Owners of houses were clearly becoming dissatisfied with this form of investment, he added, and although there was a fair demand for properties placed on the market the trend away from houses as an investment was greatly to be deplored, as it meant much less building.
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Bibliographic details
Dominion, Volume 31, Issue 129, 25 February 1938, Page 10
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161FAIR RENTS ACT Dominion, Volume 31, Issue 129, 25 February 1938, Page 10
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