Real Estate Legislation Changes
Do you know about the changes coming into effect for the Residential Tenancy Act?
These changes will affect both tenants and landlords. These are many of the changes
coming, which will change the property management game for everyone.
Below are some of the changes you can expect:
In relation to a domestic violence case, tenants/co-tenants will be able to break their
lease with no compensation to the landlord, provided there is reasonable proof
provided by the tenant.
While a tenant is on a fixed term agreement, landlords will only be able to increase
the rent once in a 12 month period.
Landlord’s obligations for residential repairs
Residential premises are not fit for habitation unless the residential premises are:
– Structurally sounds
– Has adequate natural lighting
– Has adequate ventilation
– Supplied with electricity and gas
– Has adequate plumbing or drainage
– Is connected to a water supply
– Contains bathroom facilities that are private for the user
Landlords will now have to carry out repairs to smoke alarms as a matter of urgency.
Repairs to the smoke alarms must only be carried out by the landlord or they can
arrange for someone to attend on their behalf.
Tenants will be able to make minor alterations to the property which would be
unreasonable for a landlord to withhold consent.
Landlords will now be able to terminate tenants on the failure to pay for rent, water
usage and utility charges.
Break lease fees:
– If less than 25% of the fixed term had expired when the premises were
abandoned—an amount equal to 4 weeks rent, or
– If 25% or more but less than 50% of the fixed term had expired when the
premises were abandoned—an amount equal to 3 weeks rent, or
– If 50% or more but less than 75% of the fixed term had expired when the
premises were abandoned—an amount equal to 2 weeks rent, or
– If 75% or more of the fixed term had expired when the premises were
abandoned—an amount equal to 1 week’s rent.
There are many more changes to the Act, however, these are some of the more
important changes which will affect you as landlords and tenants. If you have any
further questions please don’t hesitate to contact the team at Jackson Bell Property.