This month the new Residential Tenancies Amendment Act comes into effect – here are the changes you need to know about:
- Tenant damages – your excess may be covered
Tenants are now liable to four weeks’ rent, or your insurance excess, if they cause damage to your property. They will pay the lower of the two amounts.
- You need to provide your insurance details
When you sign up a new tenant, or we sign one up for you, you need to provide your insurance details. That tells tenants what they might need to pay if they cause damages. If you don’t supply your details, you may be fined up to $500.
- Illegal properties can still be ‘rentals’
Tenants in sleepouts or garages have sometimes missed out on being protected under the RTA. Now, even if the property isn’t legally liveable, tenants can still make use of Tenancy Services and the Tenancy Tribunal.
- Meth testing permitted with notice
Landlords and property managers can conduct meth testing provided tenants get 48 hours’ notice. New regulations are being developed to set an acceptable level of contamination.
Talk to one of our property management team if you have questions about how the new RTA amendments could apply to you.