The Landlord and Tenant (Amendment) Act will be repealed on 1 July, as part of the NSW Government’s Better Business Reforms package.
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.
Industry-leading buyers’ agent Jacque Parker reveals how she’s developed a thriving career by building strong client relationships based on empathy, commitment and trust.
MEDIA RELEASE: The recent decision preventing Owners Corporations from blanket bans on pets in New South Wales apartment buildings, meaning all unit owners can keep pets in their homes, was seen as a big win for animal lovers.
The term of appointment for a strata manager appointed at the first Annual General Meeting of the Owners’ Corporation should be extended from 12 months to 15 months.
MEDIA RELEASE: This week and in the weeks ahead, it will be interesting to understand how the New
South Wales residential market reacts to the stamp duty reforms proposed in the
NSW Fair Trading announced on Friday that a compliance team will be inspecting real estate agents and their businesses in the South coast region of NSW from today.
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Developers should be required to provide a pack of all relevant documents when they apply for registration of the strata plan.
REINSW President Leanne Pilkington and CEO Tim McKibbin discuss the NSW Budget and the proposed changes to property taxation.
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The NSW Government introduced measures earlier this year to provide relief to commercial and residential Landowners, who have provided rent reductions to Tenants experiencing financial distress as a result of COVID-19.
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MEDIA RELEASE: With the dust settling on yesterday’s announcement that stamp duty would be phased out and replaced with another tax, the Real Estate Institute of NSW has shone a light on some of the unidentified-or unconsidered-impacts of the proposa
MEDIA RELEASE: The Real Estate Institute of NSW (REINSW) has welcomed the NSW Government’s acknowledgement that property taxation is in need of reform.
NSW Fair Trading’s authorised officers are currently making random visits at open inspections and auctions across the State, checking compliance safety plans are both in place and being implemented.
MEDIA RELEASE: “Summer is is only a fortnight away and after a tumultuous 2020, many people looking to make a move would love to be in their new home by Christmas.
Entomologists are warning homeowners - including those looking to sell - to keep an eye out for creepy crawlies with La Niña bringing perfect breeding conditions for insects and spiders over the coming months.
Strata managers who are also developers should not be prohibited from managing a strata scheme in which they hold a beneficial interest.