RENTAL RE­FORMS FOR VIC AND NSW

Elite Property Manager - - Reader Profile -

New laws gov­ern­ing rental prop­erty passed through Vic­to­rian Par­lia­ment in Septem­ber, and NSW laws are about to see their big­gest shakeup in two decades. The ini­tial pack­age of re­forms in Vic­to­ria fo­cuses on strength­en­ing ten­ants' rights, to pro­vide those who rent with a sense of se­cu­rity and sup­port.

How­ever, the REIV isn't happy, say­ing the re­forms put un­fair pres­sures onto land­lords and prop­erty man­agers and will fur­ther con­strict an al­ready tight rental mar­ket.

“We don't think the act needs to be re­pealed, but if there is a change of govern­ment we will be speak­ing to them about mak­ing mod­i­fi­ca­tions to the act,” said Mr Simp­son.

Mean­while, in NSW, rental laws are set to see the big­gest shakeup in two decades. Ma­jor changes in­clude lim­i­ta­tions on rental in­creases and set fees for break­ing a fixed-term lease. The re­forms also look to bring in no penal­ties for do­mes­tic vi­o­lence vic­tims who break a lease.

Other changes in­clude min­i­mum stan­dards be­ing in­tro­duced around ac­cess to elec­tric­ity and gas, struc­tural sound­ness in build­ings and ad­e­quate light­ing and ven­ti­la­tion.

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