Did you know that we now have new residential tenancies laws in new south wales? Changes to the residential tenancy laws started on the 23rd of march 2020 with amendments to the residential tenancies act 2010 and the creation of the new residential tenancy regulation 2019.
Now there’s a lot of new information for all landlords and tenants to learn about so we’ve created a 15 part video series to cover the majority of the changes, and here the first video in that series.
New South Wales Fair Trading says that the changes have been brought in to improve the renting experience of tenants while ensuring landlords can effectively manage their properties.
The changes aim to reduce disputes over repairs and maintenance, increase protection, and certainty for tenants and clarify the rights and obligations of both tenants and landlords.
The key changes that started on the 23rd of March include:
-new minimum standards to clarify fit for habitation,
-new clarifications on the definition of structurally sound,
-new smoke alarm obligations for the landlords,
-tenants being able to make changes of a minor nature to a property,
-new mandatory set break fees for the lease fixed term agreements that replaces all other break lease remedies that were previously available to landlords,
-strengthened information disclosure requirements that includes new material facts,
-new information to be disclosed to prospective strata tenants,
-remedies for tenants for breaches of information disclosure requirements, additional water efficiency measures,
-a new process and new powers for fair trading to be able to resolve disputes between landlords and tenants.
A new landlord information statement has been created and the tenant checklist has been replaced with the tenant information statement. There are a host of other changes as well that deal with rent increases, separately metered water meters and accessing the property to take photos and video for marketing material.
It’s important to note that the majority of these new laws will apply to existing tenancies. If you’d like further information about any of these new laws and how they apply to you, please feel free to be in touch with us.