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Residential Tenancies Act 2010 - free member session
The NSW Parliament has passed the Residential Tenancies Act 2010, which includes some of the most sweeping changes to residential tenancies in decades. The changes will affect the control and management of each and every rented residential property in NSW and will have a profound impact on property managers, landlords and tenants. During July and August, REINSW has been busy visiting locations across NSW to inform members about the new Act.
If you missed the session, you can view it online by clicking on the images below. Tim Anderson - REINSW's senior property management compliance advisor and trainer - goes through:
- what is staying the same
- what has changed
- what may need to be done to implement the changes once the Regulation is drafted
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Watch Part 1 (9:23)
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Watch Part 2 (9:13)
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Watch Part 3 (9:32)
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Watch Part 4 (8:35)
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Watch Part 5 (8:56)
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Part 5 of 9
In this part:
- Rental bonds
- Bonds limited to 4 weeks, regardless of whether premises is furnished or unfurnished
- Permissible for bonds to be paid by installment
- No provision for 'top up' of bonds
- Can account for bonds withing 10 days of end of month
- Water usage
- Can only collect cost of water usage where water efficiency devices fitted
- Alterations, additions and renovations (continued in Part 6)
- Tenant must make formal application to landlord
- Landlord cannot unreasonable withhold consent to alteration, addition or renovation of 'minor' nature
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Watch Part 6 (9:13)
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Part 6 of 9
In this part:
- Alterations, additions and renovations (continued in Part 7)
- Tenants' remedies if landlord withholds consent
- Circumstances in which CTTT may hold that the landlord's withholding of consent is reasonable
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Watch Part 7 (9:28)
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Part 7 of 9
In this part:
- Alterations, additions and renovations
- Sub-letting
- Greater flexibility to sub-let part of the premises or being in extra co-tenant
- Landlord may not unreasonably withhold consent
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Watch Part 8 (8:33)
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Part 8 of 9
In this part:
- Service of notice
- More options in relation to service of notice
- Termination by landlord at end of fixed-term lease
- Increased from 14 days to 30 days
- 'No grounds' termination notice to tenants no longer in a fixed-term lease
- Increased from 60 days to 90 days
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Watch Part 9 (7:41)
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Part 9 of 9
In this part:
- Notification to tenant of landlord's intention to sell property
- Wrap up
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