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The key changes of Residential Tenancies Act

September 7, 2020 By UNO Property Management Leave a Comment

New changes to the Residential Tenancies Act were passed last month. The Parliament passed the Residential Tenancies Amendment Bill on 5 August 2020. Royal Assent is to be received soon and the Bill will pass into law six months after that.

How much restrictions does this bill bring to landlords? ? Do you know everything that needs to be known about this bill?

1.The key changes are:

  • The minimum period between Rent increases will be raised from six months to twelve months.
  • Fixed Term tenancies will become periodic at the end of the fixed term unless both the landlord and tenants agree that it is to be for a fixed term.
  • Landlords will not be able to end a periodic tenancy without reason.
  • The notice period of terminations 
  • Victims of family violence can end tenancy with two days notice
  • Privacy and access to justice:The Tribunal, on the application of any party or on its own initiative, can order that names and identifying details be suppressed.
  • Tenants can make minor fitting and attachments to property provided they are able to be removed without damage at the end of their tenancy.
  • The Regulator will have new compliance tools to take direct action against parties who are not meeting their obligations.

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2.Timeline

From 12.08.2020 – Rent cannot be increased more than once every 12 months

From 1.12.2020 – Landlords must include a statement of their current level of compliance with HHS in all new and varied Tenancy Agreements.

1.7.2021 – Private landlords must ensure their rental properties comply with the healthy homes standards within 90 days of any new, or renewed, tenancy.

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Next issue we will talk about The notice period changes of tenancy agreement termination.

Monica QR

Filed Under: Blog, Newsletter

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