The Residential Tenancies Amendment Act 2024 introduces several important updates that affect both landlords and tenants and aim to provide greater clarity and fairness for all.
Here’s a breakdown of what’s changing:
‘No-Cause’ Terminations
Landlords have the ability to terminate a periodic tenancy with 90 days' notice without needing to state a specific cause, provided no other notice has already been given. This gives landlords flexibility while maintaining a reasonable notice period for tenants.
Shorter Notice Periods for Landlords to End a Periodic Tenancy
Landlords can end a periodic tenancy with 42 days' notice under specific circumstances.
Shorter Notice Periods for Tenants to End a Periodic Tenancy
Similarly, tenants will retain the right to end their periodic tenancy with 21 days' notice, as long as no prior notice to terminate has already been issued.
End of Fixed-Term Tenancy
Landlords can now end a fixed-term tenancy at its conclusion without needing to provide a reason.
Pet Consent and Pet Bonds
With the new laws, tenants must obtain landlord approval to keep pets. Landlords can only refuse on reasonable grounds, such as property size constraints or potential damage risks. Additionally, landlords will be able to request a pet bond, up to two weeks' rent, in addition to the standard bond.
Tenants will be fully responsible for any pet-related damage beyond normal wear and tear, including both accidental and intentional damage. These changes will take effect on a date set by Order in Council.
Changes to Online Bond Lodgements
Bond lodgement procedures have been simplified, allowing landlords and property managers to lodge bonds online more easily. This shift streamlines the process, making it quicker and more efficient for everyone involved.
Navigating Legislative Changes
If you have any questions or concerns about how these updates might affect you and your property/s, please don’t hesitate to reach out to your property manager or email us at [email protected].
We're committed to ensuring your property management experience is as hassle-free as possible, and you stay compliant.
