Residential Tenancies Amendment Act 2020
Big changes to tenancy legislation are underway, with the 12-monthly limit on rent increases already in effect to help tenants struggling financially following Covid-19. Early next year we’ll say goodbye to 90-day no-cause terminations and rental bidding, and tenants will be able to make small changes to properties – such as baby proofing or hanging pictures. A last-minute change brought in means landlords will be able to terminate tenancies with 14 days’ notice if a tenant assaults them, and allows victims of family violence to end a tenancy with two days’ notice.
Phase 1 has been in effect since August this year with the main point around rent increases which are now limited to once every 12 months.
Phases 2 and 3 are likely to come into effect in 2021 and the changes are outlined here.
As always, we encourage you to seek independent legal advice should you require any further guidance on these matters.