The Landlord and Tenant (Amendment) Act will be repealed on 1 July, as part of the NSW Government’s Better Business Reforms package.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.
Interest should start to accrue on levies where they have not been “received” into the strata scheme’s bank account by the date they are due and payable.
15/01/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.
Don't get caught out! The requirement to undertake Continuing Professional Development (CPD) training no longer aligns to your licence renewal date.
14/01/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.
Whether rain, hail or shine (or even a pandemic), your professional indemnity insurance renewal comes around each year like clockwork.
The end of 2020 brought more stability to the rental accommodation market after a long period of uncertainty.
Dropping everything and moving to the other side of the world isn’t for everyone. But, three years ago, that’s just what Louise Barton did.
Agents are rethinking the way they do business, with pre-market sales resulting in satisfied sellers and buyers, faster transactions and premium prices – all without large marketing spends.
A webinar discussing the new COVID-19 regulations which commenced during the Christmas Break including the most asked questions answered.
06/01/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.
Once a tool for wealthy house hunters, buyer’s agents have now become more accessible to everyday Australians, but where do first home buyers fit into the picture?
REINSW members across the state have come to rely upon the industry’s leading online agreements and forms product – REI Forms Live.
Good record keeping is the backbone to any successful real estate business. Industry insiders are quick to point out there are no excuses for an unprofessional paper trail - even if today’s filing cabinets are all digital.
The new Retail and Other Commercial Leases (COVID-19) Regulation (No 3) 2020 will repeal and remake, with amendments, the Retail and Other Commercial Leases (COVID-19) Regulation (No 2) 2020.
24/12/2020 | Only Members can view this content. You will need to sign in to view
NSW Parliament passed a package of more than 40 reforms called the Better Business Reforms in 2018. The reforms included new disclosure requirements that came into effect on 1 July 2020.
23/12/2020 | Only Members can view this content. You will need to sign in to view
Options are growing in popularity, as more sellers and buyers want flexibility and seek the confidence to invest time and money when pursuing a property deal before entering into a contract for sale.
With two decades of property management expertise under his belt, Anthony Caudullo, Director of Property Management at Crown Group, is at the top of his real estate game.
MEDIA RELEASE: Against all odds, the housing market was strong in New South Wales in 2020. The positive end to the year in terms of transactional activity and prices creates real momentum heading into the new year, says REINSW CEO Tim McKibbin.