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Are you up to date on the proposed changes to the Residential Tenancies Act?

Tenants will have more rights under the proposed new laws that the Victorian government is expected to introduce in late 2018.  Here’s a list of the key changes your need to know as a landlord. These changes are significant and will have an adverse effect on landlord’s rights but can be minimised with good planning with your property manager.

Rent & Bond Changes

  • Landlords can only increase rent once every 12 months, (versus 6 months currently).
  • Landlords will have to offer their property at a fixed price, and will not be able to solicit additional rent from tenants
  • There will be an automatic 14 day bond return if the landlord does not dispute the bond

Tenancy terms

  • The 120 day “no specified reason” notice to vacate will be abolished, and the landlord will be required to provide a reason
  • The end of fixed-term tenancy 60 or 90 day notice to vacate after the first term will also be changed giving the tenants the right to give 14 days notice and pay only 14 days rent rather than the end of fixed-term

Pets

  • Landlords won’t be able to include the “no pets allowed” clause in agreement and will not be able to unreasonably refuse the request. Tenants are still required to attain written permission from the landlord and will be responsible for any cleaning or fumigation related to property damage by a pet that goes beyond general wear and tear.

Modifications

Tenants will be able to make minor modifications to the property including hanging picture hooks and installing modern communication technology

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Zoe at TLH Real Estate is one of the most amazing property managers we have dealt with in our renting history. Zoe was always incredibly supportive, proactive and very easy to talk to. Communication was always super easy with the landlord, there was literally nothing to complain about during our 3 years tenancy! If you're renting like us, we highly recommend TLH Real Estate. Not only because of their high-level standard of service, but they always go an extra mile to ensure you're taken care of which we truly appreciate.      - Vinsensia & Velisia 

Just wanted to say ‘Hi’ and hope you are keeping well - and - just how much we appreciate your dedication and hard work in your profession In gratitude Marcella and Giancarlo

Happy holidays to both of you lovely ladies. Thank you for another great year of the best service I've ever experienced. All the best, Amanda 

Dear Tara Although I didn't get the property, a little disappointing, but more importantly, I just wanted to say thank you, your a truly wonderful agent, from making an extra appointment for me to see the property this morning, letting me know you were going to be 3 minutes late, giving me a buzz to advise I wasn't successful, and then giving me advice on my concerns!  I have rented, i have also owned property that has been leased through an agent on behalf, and I have never had the service you have provided, so I just wanted to give you a little high five, and commend you on your work ethic and service :) Virginia F

Thank you for the invoices and notifications for the rental payments. As compared to the last agency I find your agency very proactive and professional in your work. Current Tenant Mufaddel M 6 Celeste Court

"thanks again for putting me forward and for all your advice as well. I've only been looking for a couple of weeks but most agents don't take the time like you do so just wanted to say your approach is very much appreciated!"