NZQA Expiring unit standard / 27495 version 3
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Title / Demonstrate knowledge of residential property rental
Level / 3 / Credits / 2
Purpose / This unit standard is for people who intend to operate as a residential property letting agent in the real estate industry. People credited with this unit standard are able to:
–compare different types of residential property rentals; and
–explain the process for variations and renewals of residential property tenancy agreements.
Classification / Real Estate > Residential and Commercial Property Management
Available grade / Achieved

Explanatory notes

1Legislation

Residential Tenancies Act 1986;

Residential Tenancies Amendment Act 2010;

and all subsequent amendments and replacements.

2References

Residential Property Managers Code of Practice is available from the Real Estate Institute of New Zealand Inc. website at

3Definition

Industry practice refers to activities of experienced, competent property management personnel which are in accordance with the Code of Practice and the Residential Tenancies Act 1986.

Outcomes and evidence requirements

Outcome 1

Compare different types of residential property rentals.

Evidence requirements

1.1Rentals are compared in accordance with the Residential Tenancies Act 1986 and with reference to the forms used for the tenancy agreements.

Rangerentals – fixed-term, short fixed-term, periodic, boarding house.

1.2The features of tenancy agreements for short-stay holiday accommodation are outlined in accordance with industry practice.

Outcome 2

Explain the process for variations and renewals of residential property tenancy agreements.

Evidence requirements

2.1Processes for variation and renewal of tenancy agreements are explained in accordance with the Residential Tenancies Act 1986.

Replacement information / This unit standard and unit standard 27496 were replaced by unit standard 29644.

This unit standard is expiring. Assessment against the standard must take place by the last date for assessment set out below.

Status information and last date for assessment for superseded versions

Process / Version / Date / Last Date for Assessment
Registration / 1 / 18 August 2011 / 31 December 2018
Revision / 2 / 19 July 2012 / 31 December 2018
Review / 3 / 20 October 2016 / 31 December 2018
Consent and Moderation Requirements (CMR) reference / 0003

This CMR can be accessed at

Please note

Providers must be granted consent to assess against standards (accredited) by NZQA, before they can report credits from assessment against unit standards or deliver courses of study leading to that assessment.

Industry Training Organisations must be granted consent to assess against standards by NZQA before they can register credits from assessment against unit standards.

Providers and Industry Training Organisations, which have been granted consent and which are assessing against unit standards must engage with the moderation system that applies to those standards.

Requirements for consent to assess and an outline of the moderation system that applies to this standard are outlined in the Consent and Moderation Requirements (CMR). The CMR also includes useful information about special requirements for organisations wishing to develop education and training programmes, such as minimum qualifications for tutors and assessors, and special resource requirements.

The Skills Organisation
SSB Code 100401 / New Zealand Qualifications Authority 2018 / / New Zealand Qualifications Aut