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Best Practice Guide to Residential Tenancies Legislation

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.

16/06/2020

16/06/2020 12:00:00 AM26/06/2020 8:42:03 PM

RTA in Focus: Landlord’s contact details

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.

04/06/2020

4/06/2020 12:00:00 AM26/06/2020 8:50:47 PM

RTA in Focus: Landlord Information Statement

All landlords are now required to acknowledge that they’ve read and understood the Landlord Information Statement before entering into a residential tenancy agreement.

07/04/2020

7/04/2020 12:00:00 AM26/06/2020 8:45:27 PM

RTA in Focus: Condition Reports

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

06/04/2020

6/04/2020 12:00:00 AM26/06/2020 8:47:50 PM

RTA in Focus: Smoke Alarms

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.

01/04/2020

1/04/2020 12:00:00 AM26/06/2020 8:48:53 PM

RTA in Focus: Water usage charges

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.

25/03/2020

25/03/2020 12:00:00 AM26/06/2020 9:22:09 PM

RTA in Focus: Rent Increases

Landlords can now only increase the rent once in any 12-month period in the case of periodic agreements.

23/03/2020

23/03/2020 12:00:00 AM26/06/2020 9:23:16 PM

RTA in Focus: Disclosure obligations for strata properties

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.

20/03/2020

20/03/2020 12:00:00 AM26/06/2020 9:50:47 PM

RTA in Focus: Minor Changes

Tenants will be able to make certain listed prescribed minor changes to the premises and the landlord is not able to unreasonably withhold consent.

19/03/2020

19/03/2020 12:00:00 AM26/06/2020 8:42:38 PM

RTA in Focus: Publication of Photos and Videos

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-

17/03/2020

17/03/2020 12:00:00 AM26/06/2020 9:09:52 PM

RTA in Focus: Fit For Habitation

All residential rental properties will be required to meet new prescribed minimum standards to ensure they are fit for habitation.

13/03/2020

13/03/2020 12:00:00 AM26/06/2020 9:39:43 PM

RTA in Focus: Break Fee

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.

11/03/2020

11/03/2020 12:00:00 AM26/06/2020 9:08:48 PM

RTA in Focus: Prescribed material facts

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.

26/02/2020

26/02/2020 12:00:00 AM26/06/2020 8:16:58 PM

Sweeping changes are coming to NSW landlords and tenants in 2020

MEDIA RELEASE: Sweeping changes to NSW Residential Tenancy Laws to take effect in March 2020.

19/12/2019

19/12/2019 12:00:00 AM26/06/2020 9:07:37 PM

Landlord and Tenant (Amendment) Act to be repealed

The Landlord and Tenant (Amendment) Act will be repealed on 1 July, as part of the NSW Government’s Better Business Reforms package.

16/10/2019

16/10/2019 9:25:13 AM26/06/2020 8:59:08 PM
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Webinar | How has COVID-19 affected mortgage lending?

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.

13/07/2020

13/07/2020 12:00:00 AM13/07/2020 5:04:26 PM

Sydney’s vacancy rate soars as tenants continue exodus from inner city

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.

09/07/2020

9/07/2020 12:00:00 AM9/07/2020 11:19:33 AM

REINSW 2020 Awards for Excellence finalists announced

MEDIA RELEASE: The Real Estate Institute of New South Wales (REINSW) has announced the finalists for its annual Awards for Excellence.

07/07/2020

7/07/2020 12:00:00 AM13/07/2020 10:53:46 AM

Working from home: Pros, cons and the way forward

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.

06/07/2020

6/07/2020 12:00:00 AM6/07/2020 3:02:15 PM

The Strata Building Bond and Inspections Scheme commenced on 1 July 2020

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.

03/07/2020

3/07/2020 12:00:00 AM3/07/2020 7:16:32 PM

Webinar | What is Government doing to help the real estate industry?

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

03/07/2020

3/07/2020 12:00:00 AM3/07/2020 4:21:48 PM

Important that agents remain vigilant and compliant with the current social distancing requirements

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.

30/06/2020

30/06/2020 12:00:00 AM7/07/2020 4:00:21 PM

New ‘Duty of Care’ Law makes all participants in building work responsible for fixing defects

New ‘duty of care’ laws now make all participants in building work responsible for fixing building defects.

30/06/2020

30/06/2020 12:00:00 AM30/06/2020 11:20:51 AM

The uneasy relationship between auction conditions and cooling-off periods

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.

26/06/2020

26/06/2020 12:00:00 AM30/06/2020 5:51:28 PM

Webinar | What's really happening in the housing market?

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.

26/06/2020

26/06/2020 12:00:00 AM26/06/2020 9:24:16 PM

Webinar | Value Performance Advertising

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

19/06/2020

19/06/2020 12:00:00 AM26/06/2020 8:37:08 PM

Real Estate Agents Identify Assistance Measures

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.

18/06/2020

18/06/2020 12:00:00 AM26/06/2020 9:34:21 PM

How to improve your on-camera presentation skills

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

18/06/2020

18/06/2020 12:00:00 AM26/06/2020 8:56:45 PM

Be in with a chance to win a weekend away when you renew your membership before 30 June!

REINSW’s priority has always been to support our members, and we’re so excited to bring you new benefits during 2020.

17/06/2020

17/06/2020 12:00:00 AM26/06/2020 9:44:56 PM

CPD: Do you understand your new obligations?

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.

16/06/2020

16/06/2020 12:00:00 AM26/06/2020 9:20:53 PM