1. What is the NZ Government CPI Rent Review?

The NZ Government CPI Rent Review is a method for adjusting rental prices based on the Consumer Price Index (CPI) percentage change. This ensures rent increases are fair and tied to inflation.

2. How Does the Calculator Work?

The calculator uses the NZ Government Rent Review formula:

Where:

• \( Old \) — Current rent amount in NZD
• \( Gov\_CPI \) — Government Consumer Price Index percentage

Explanation: The formula calculates the new rent by applying the CPI percentage increase to the old rent amount.

3. Importance of Rent Review Calculation

Details: Accurate rent review calculations ensure compliance with NZ tenancy laws and maintain fair rental pricing that reflects economic conditions.

4. Using the Calculator

Tips: Enter current rent in NZD and the official CPI percentage. Both values must be valid (rent > 0).

5. Frequently Asked Questions (FAQ)

Q1: How often should rent be reviewed using CPI?
A: Typically annually, but check your tenancy agreement for specific review periods.

Q2: Where can I find the official CPI percentage?
A: The NZ Government publishes CPI figures quarterly on the Stats NZ website.

Q3: Can landlords increase rent by more than CPI?
A: Only if justified by substantial improvements to the property or market conditions, and with proper notice.

Q4: Are there limits to CPI rent increases?
A: Yes, rent increases must comply with NZ tenancy laws and cannot be excessive or frequent.

Q5: Does this apply to all rental properties in NZ?
A: Most residential tenancies, but some exceptions may apply (e.g., fixed-term agreements with different terms).