Attention Renters! Changes to the Residential Tenancies Act
If you rent your home or you’re a landlord, the NSW Government has enacted a bunch of changes the the Residential Tenancies Act that could affect you. Last Thursday, the Minister for Innovation and Better Regulation Matt Kean introduced the long-awaited changes, which include limiting rental increases for periodic leases to once a year, set fees for breaking a fixed-term lease and no penalties for domestic violence victims who break a lease. Controversially, landlords will retain the right to evict tenants on “no grounds”.
Tess was joined by Leo Patterson Ross, Senior Policy Officer from the NSW Tenancy Union to break down the changes and whether they favour the landlord or the tenant.