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Landlord and Tenant (Amendment) Act to be repealed

The Landlord and Tenant (Amendment) Act will be repealed on 1 July, as part of the NSW Government’s Better Business Reforms package.

26/06/2020

26/06/2020 8:59:06 PM4/08/2020 2:46:22 PM

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 AM17/07/2020 3:24:57 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 AM4/08/2020 3:58:06 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 AM15/07/2020 9:30:03 AM

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 AM15/07/2020 9:28:58 AM

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 AM15/07/2020 9:38:34 AM

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 AM12/02/2021 1:31:21 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 AM12/02/2021 1:30:11 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 AM12/02/2021 1:26:49 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
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On alert! Cyber-crime on the rise

Social engineering fraud has increased in frequency and severity in recent years. Fraudsters have become especially sophisticated when targeting unsuspecting victims and the financial consequences of these crimes can be devastating.

25/02/2021

25/02/2021 12:00:00 AM25/02/2021 9:33:46 AM

Slow and steady: The commercial market to run its own race in 2021

It’s easy to see how COVID-19 has negatively impacted the commercial real estate space, but new data shows CBD workers are slowly, but surely, making their way back into the office.

24/02/2021

24/02/2021 12:00:00 AM24/02/2021 9:37:17 AM

Pre-meeting electronic voting for elections

Clause 14 of the Strata Schemes Management Regulation 2016 (NSW) should be amended to make it clear that pre-meeting electronic voting does not extend to elections.

23/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

23/02/2021 12:00:00 AM23/02/2021 9:20:22 AM

Combustible cladding: interest-free loans to speed up removal from NSW apartment buildings

Interest-free 10-year loans have been welcomed to fast-track the removal of high-risk combustible cladding from apartment buildings across NSW.

22/02/2021

22/02/2021 12:00:00 AM23/02/2021 2:42:02 PM

Quorum

The provisions regarding the quorum at a meeting need to be redrafted, so that it is clear, particularly in the case of small strata schemes, what happens if there’s not a quorum.

19/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

19/02/2021 12:00:00 AM19/02/2021 9:08:35 AM

How agents can help vendors

Not every `Sold’ sticker placed on a real estate signboard is accompanied by a smiling vendor jumping for joy. Divorce, debt and death are among the most challenging reasons for selling property and often super charged with emotion.

18/02/2021

18/02/2021 12:00:00 AM18/02/2021 10:04:20 AM

Items requiring statutory warranty

Further guidance needs to be provided regarding the need to include an item on the Annual General Meeting agenda to consider building defects and rectification where warranty periods under the Home Building Act 1989 (NSW) apply.

17/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

17/02/2021 12:00:00 AM19/02/2021 9:25:20 AM

Take charge of compliance

The 1 April 2021 implementation deadline for the Supervision Guidelines is looming. Here’s what you need to know to ensure compliance.

16/02/2021

16/02/2021 12:00:00 AM16/02/2021 10:01:11 AM

Record keeping

The legislation should be amended to allow for the better maintenance of strata records, including electronic storage and back-up, as well as a requirement to maintain an overall index of records.

15/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

15/02/2021 12:00:00 AM19/02/2021 9:24:23 AM

Small fluctuations in rental vacancies welcome the New Year

MEDIA RELEASE: After a year of uncertainty and dramatic fluctuations, the REINSW Vacancy Rate Survey results for January 2021 show that rental vacancies across the major metropolitan markets remain largely stable.

12/02/2021

12/02/2021 12:00:00 AM12/02/2021 3:48:25 PM

Insurance valuations

The requirement for an Owners’ Corporation to obtain a building insurance valuation every five years should be reintroduced and amendments made to remove reinstatement from the valuation exercise.

12/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

12/02/2021 12:00:00 AM12/02/2021 2:29:41 PM

Window safety devices

The legislation needs to clarify who is responsible for the ongoing maintenance of window safety devices and address the many practical issues that are currently causing confusion.

11/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

11/02/2021 12:00:00 AM19/02/2021 9:18:53 AM

Taking trust to the next level

Neil Webster, the winner of the John Greig OAM Community Service category at the 2020 REINSW Awards for Excellence, reveals how community service can set you up for a thriving career, build trust with clients and help make the world a better place.

10/02/2021

10/02/2021 12:00:00 AM10/02/2021 11:58:29 AM

Minor renovations by owners

There should be a statutory requirement to register minor renovations to common property carried out by lot owners.

09/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

9/02/2021 12:00:00 AM19/02/2021 9:17:13 AM

Your CPD obligations

Continuing Professional Development has changed and all agents need to understand what their obligations are in accordance with their classification in the licensing structure.

08/02/2021

8/02/2021 12:00:00 AM12/02/2021 10:30:03 AM