Best practice guide for property managers to use when determining how best to implement the new reforms. The following guide simplifies the complexities in the legislation and makes it easier for property managers to understand.
The landlord’s contact details must be provided on the residential tenancy agreement, whether or not a property manager has been engaged by the landlord.
All landlords are now required to acknowledge that they’ve read and understood the Landlord Information Statement before entering into a residential tenancy agreement.
In days gone by, condition reports were completed in hard copy, carbonised form. Time has moved on and today most property managers complete condition reports for ingoing, periodic and outgoing inspections via a handheld device as they’re inspecting
Smoke alarms are critical, life-saving devices that provide an early warning of the presence of smoke and fire. This is why they’re compulsory in all residential properties, including rental premises.
Water. It’s a precious commodity. And it can be expensive – which explains why landlords are keen to pass usage charges on to their tenants whenever possible. But, in the past, charging tenants for water usage has been anything but simple.
Landlords can now only increase the rent once in any 12-month period in the case of periodic agreements.
New disclosures must be made to tenants, prior to entering into a residential tenancy agreement, where the property they are renting is in a strata scheme.
Tenants will be able to make certain listed prescribed minor changes to the premises and the landlord is not able to unreasonably withhold consent.
There’s no doubt that up-to-date photos or a video highlighting a property’s features can be the difference between a successful marketing campaign or one that falls flat. But what if there are tenants in the property when it comes up for sale or re-
All residential rental properties will be required to meet new prescribed minimum standards to ensure they are fit for habitation.
A break fee, calculated on a prescribed cascading scale, will now be a mandatory term of all fixed term agreements of less than three years.
Drug activity, strata repairs and external combustible cladding have been added to the list of prescribed material facts a landlord or their agent are required to disclose to potential tenants.
MEDIA RELEASE: Sweeping changes to NSW Residential Tenancy Laws to take effect in March 2020.
The Landlord and Tenant (Amendment) Act will be repealed on 1 July, as part of the NSW Government’s Better Business Reforms package.
Tim and Leanne are joined by finance specialist Justine McDonald to guide you through the mortgage maze and the changes in the lending space due to the COVID-19 pandemic.
MEDIA RELEASE: Continuing the trend of recent months, the REINSW Vacancy Rate Survey results for June 2020 show that COVID-19 continues to impact the residential rental market.
MEDIA RELEASE: The Real Estate Institute of New South Wales (REINSW) has announced the finalists for its annual Awards for Excellence.
With the lifting of COVID-19 restrictions, agency doors across the real estate industry are opening and sales agents, property managers and operational staff are back at their desks.
In 2018, REINSW made a submission in response to the draft Strata Schemes Management Amendment (Building Defects Scheme) Bill 2018 and, under direction from the REINSW Strata Management Chapter Committee.
Tim and Leanne are joined by NSW Upper House Member, Mark Banasiak. They discuss what Government is currently doing to support the real estate industry, what more needs to be done, and why the property services industry should be removed from NSW Fai
MEDIA RELEASE: There has been a return to stricter controls on Victoria’s property agents as a result of the re-emergence of COVID-19 in Melbourne over the past week.
New ‘duty of care’ laws now make all participants in building work responsible for fixing building defects.
If a residential property sells at auction, there’s no cooling-off period. Nor is there one if a property is passed in, though contracts are exchanged later that same day.
Tim and Leanne are joined by Australia’s leading independent property economist, Dr. Andrew Wilson, to discuss the current state and future prospects of the housing market in New South Wales.
Leading Australian real estate trainer and industry advisor Lee Woodward, will coach you on Value Performance Advertising - the technique of communicating to all prospective sellers that you only get one chance to present your property to the marketp
Following a request by the Treasury’s Coronavirus Business Liaison Unit in regard to suggestions that will support the real estate industry, the Real Estate Institute of Australia’s member Real Estate Institutes surveyed their members.
These days we’re spending more and more time on our computers and meeting virtually via video conferencing. In a new REINSW Webinar, Australian television presenter and producer Lochie Daddo shares his secrets to success when it comes to being on-scr
REINSW’s priority has always been to support our members, and we’re so excited to bring you new benefits during 2020.
Continuing Professional Development has changed. Completing 12 CPD points per year is a thing of the past and all agents need to understand what their obligations are in accordance with their classification in the licensing structure.