The Landlord and Tenant (Amendment) Act will be repealed on 1 July, as part of the NSW Government’s Better Business Reforms package.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.
We’re giving you the information you need to ensure you understand your obligations with the reformed residential tenancies framework including break fees.
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.
Changes to NSW Residential Tenancy Laws to take effect in March 2020. Significant changes are coming which will effect property managers, landlords and tenants
A pilot program to allow a limited number of international students to return to Sydney has been welcomed by the REINSW as critical for the rental market recovery.
MEDIA RELEASE: The rental market in Sydney’s Inner Ring suburbs recorded its best performance since the start of the COVID-19, with vacancy rates falling to 3.3 percent last month.
With less than 5 days to go now, REINSW is urging the NSW Parliament to pass the Property Services Council Bill 2021 to help prevent real estate related disputes and deliver better consumer outcomes.
Winter has long been seen as the least popular time to sell a home, but strong competition, lack of stock and low interest rates are tipped to keep up current momentum throughout the cooler months.
MEDIA RELEASE: The weighted average capital city median price for both houses and other dwellings has increased at the highest rate in a decade, the latest Real Estate Institute of Australia's Real Estate Market Facts report has found.
REIA MEDIA RELEASE: Housing affordability improved in New South Wales and South Australia, remained steady in Western Australia and the Australian Capital Territory but declined in Victoria, Queensland, Tasmania and the Northern Territory.
From a young age, Simone Luxford, Director at Essential Property Wealth, was intrigued with how to create wealth from property and has gone on to build her own successful property portfolio.
Five years after landmark reforms were introduced, the strata framework in New South Wales is once again under review. Here’s how REINSW has responded to the NSW Government’s call for input.
With well in excess of 5000 days under his belt as REINSW’s Chief Executive Officer, Tim McKibbin is a formidable force. Here we look at the man who is leading the real estate profession into the next decade with passion and gusto.
Lodging rental bonds online has improved the efficiency of settling funds making it easier for both agents and tenants, according to NSW Fair Trading.
For the past 10 years, REINSW has relentlessly lobbied Government to remove our Industry from NSW Fair Trading and establish a dedicated Property Services Commissioner instead. We need your help to get the message to your local MPs without delay.
In a submission to the Office of the NSW Small Business Commissioner, REINSW has proposed the introduction of a standard retail lease as a “natural evolution” of the Retail Leases Act 1994 (NSW).
Yes, a tenant can make certain changes of a “minor nature” to the premises.
Commission charges vary across NSW with Sydney already home to the lowest fees due to the sheer number of agents on the ground.
Time is such a valuable commodity. Most people have little time to answer their phones to friends and family, much less take a call from a local real estate professional.