“Meanwhile if a premises is added to the LFAI Register during a tenancy, then the landlord must notify the tenant in writing within 14 days of the premises being listed.
“REINSW considers this to be insufficient as it fails to accurately reflect what happens to the lease in the event the premises is listed on the LFAI Register during a tenancy.
"Pursuant to the Residential Tenancies Act 2010 (NSW), the premises will become wholly uninhabitable and the residential tenancy agreement will become frustrated. In those circumstances, the landlord or tenant may give the other party a termination notice.
“REINSW is concerned that unsophisticated tenants and other people in low socio-economic circumstances who may agree to lease premises listed on the LFAI Register will be adversely impacted if they receive a discounted rent.
“REINSW believes that the Government should be preventing those situations, not encouraging them,” Mr Cunningham said.
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