The Toxicology Clause in the sale and purchase agreement has been included, to ensure that people do not have to remember the real risks presented by meth. Retaining the clause and spending a few hundred dollars on due diligence, can avoid tens of thousands in uninsured losses due to meth contamination. Yet too many people [...]
Over the last 3 years, perceptions around the risk presented by meth related behaviour have changed. How have these perceptions changed reality and is it a risk worth managing? Miles Stratford Director of Safe & Healthy Home Solutions provides some food for thought for investors. This government seems to have taken great delight in lining [...]
As at the 27th of August 2019, the first elements of the Residential Tenancies Act Amendment Bill 2019 came into effect. The Bill defined methamphetamine as a contaminant. However, the steps necessary to introduce this into regulation, will not be taken for another 12 to 18 months. Defining methamphetamine as an environmental contaminant, is a [...]
The RTA Amendment Bill No. 2 will soon be returned to Parliament and will pass. There are things we know and things we do not. Despite the knowledge gaps, the significance of this Bill should not be lost on Landlords. In simple terms, if you do not know the meth status of your property, then [...]
Advice from the Insurance Council of New Zealand, is that as of 1st of July, one of the country’s top insurers, Vero, will align its policy response for meth residues with the numbers included in the Gluckman Meth Report. It should be anticipated that other insurers will follow. Changes will be introduced for new [...]
Evidence of meth risk is there for people to see – if they choose to do so There are many property managers and real estate professionals who have experienced first hand how their physical health and well-being is affected by properties with meth residues present. Even where these are low level. Others have not. And [...]
One of the criticisms of the meth testing industry, has been the potential for two organisations to go into the same property, offer essentially the same service, but end up with completely different results. How does this happen? In part, it is because the residues that are being targeted are invisible. Where for example, are [...]
Nearly 1 year ago, a politically led report into the risks presented by methamphetamine and how these should be managed was released by the Office of the Prime Minister’s Chief Science Advisor. The report identified that: The lack of very specific documented evidence health effects, meant that raising acceptable levels for meth residues, to at [...]
Much is being made of how changes to the Residential Tenancies Act, which will be brought in under the RTA Amendment Bill No. 2, will create an obligation at law for Landlords and their property managers to use services provided by parties that are qualified and/or accredited in accordance with the recommendations under NZS8510:2017. Assertions [...]
If you are a Buyer, Landlord or Property Manager it is more important than ever in this "current environment" that due diligence is undertaken and management of the risks for methamphetamine in property is implemented. Listen to Miles Stratford, CEO of MethSolutions explain why.
