King says if private landlords do not supply housing, then the responsibility falls to the state.
"If the state needs to provide more rental accommodation because private providers are no longer able to, then we will have less money for spending on health, education and many other things on which taxpayers would prefer their tax dollars being spent."
TAW spokeswoman Anne Campbell says New Zealand's housing crisis has been worsening under both Labour and National governments and something has to give.
She says the 10 demands are something that any landlord could enact without needing governmental intervention.
"When we crafted our demands, we made them demands that technically speaking any landlord could enact right now if they so choose to. Everyone has been waiting for the Government to make changes to push them to doing the right thing but any landlord is capable of making these changes.
If Quinovic were to enact the list of demands, Campbell says it would be a significant gesture towards recognising its duty to "operate ethically in its position of power over tenants".
"I would say these demands they may seem kind of extreme or hard to achieve – they're less than what is required for a basic human right."