The New Zealand Property Investors Federation (NZPIF) has come out swinging against what it says are "outrageous" demands from a grassroots tenancy advocate group.
Tenants Action Wellington (TAW) has a planned protest this afternoon beginning on Cuba St at 4pm and ending outside Quinovic's Kent Terrace office, armed with a list of 10 demands which it hopes Quinovic will adopt to set a precedent.
The demands include the abolition of bonds and rental references, minimum five-year leases which tenants can exit at any time, and an immediate rent reduction to 25 per cent of the lowest benefit.
NZPIF president Andrew King says the organisation is happy to support changes which improve the rental environment, such as compulsory insulation and "most" of the Healthy Homes but TAW's demands are "outrageous".
"Tenant groups like Tenants Action Wellington do not understand that housing in New Zealand is expensive to provide, and tax increases for rental property have not helped."