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A response to thatbum's post: 1. Bond is never enough: that is correct, an owner's bond will never be enough to cover rent arrears. The timeframes legally prevent it from being enough. And rent arrears is usually dwarfed by the repairs costs from the tenant's damage and neglect. And...

The statement about if, not when a tenant stops paying, is fact not hyperbole. At any particular time around 8% of resi tenants are in default. It peaks around Christmas, some years getting over 20%. Around 65% of tenants will default on rent at some stage during their tenancy. The $20,000...

If you feel that is hyperbole, you have not dealt with enough tenants...

There is a lot of good discussion on this thread, beneath the hyperbole. From my viewpoint, the RTA is fundamentally flawed and encourages smart capital to leave the sector and invest elsewhere. A couple of examples: 1. Bond is Never Enough: when the tenant stops paying the rent (not if)...

HotRod - the Government is crazy, like a drunkard in a bar with a limitless credit card. They do have property owners by the throat. As for myself, I have spent the last 3 years in 'dialogue' with the Government, with numerous written submissions, calls and personal meetings, to see not a...

WA rental property owners, there is still time to make your voice heard on the proposed regulations, before close of business 17th May. That link again, http://www.commerce.wa.gov.au/ConsumerProtection/Content/Resources/WA_state_reviews.html Burbs

PROPERTY OWNERS ASSOCATION OF WA INC PO Box 863 MORLEY WA 6943 16th May 2012 The Director, Legislation and Policy Consumer Protection Division, Department of Commerce Locked Bag 14 Cloisters Square Perth 6850 Submission on the Proposed Amendments to Residential Tenancy Regulations...

Thanks Doovalacky for making a submission on the regulations, much appreciated. Burbs

Behold, the link: http://www.commerce.wa.gov.au/ConsumerProtection/Content/Resources/WA_state_reviews.html

No responses on this post, which is a bit disappointing from WA property owners. I encourage you to make your submissions prior to the expiry date. I will do a separate post highlighting some of the bad impacts for WA owners. Best regards, Burbs

Submission Time Here is an update on the WA Residential Tenancies Amendment Bill 2011. For those who came in late...the legislation governing residential tenancies was updated in December 2011. 1. The actual rules coming from the new legislation are being drafted now. 2. The Department...

Here is the statement on the new laws from Simon O'Brien, Minister for Commerce: http://www.mediastatements.wa.gov.au/Pages/default.aspx?ItemId=146693&. Key sentence in the statement: Interpretation: 1. These laws are for tenants rights, not owners. 2. Government owners deserve special...

The Residential Tenancies Amendment Bill 2011 was passed into law yesterday. It received universal political support. There were no amendments for owners; the small number of amendments enhanced tenant's rights. It was a sad day for WA investment property owners. The sky will not...

Here are a few more gems from the recent debate on the Residential Tenancies Amendment Bill 2011... Janine Freeman MLA Member for Nollamara: "I want to put on record that I agree with my colleague, the member for Gosnells, that we at least need to have a discussion about rents and setting...

Regarding owner address disclosure, the new legislation does not change the existing requirement to always disclose the owner's name and address to the tenant. If the property is managed by an agent, the address can be C/- the managing agency. What the new legislation does do is to create...

Well I thought you would never ask... The debate in the Legislative Assembly was brief and uncontested. The highlights were as follows: On Rent Control: MLA for Gosnells Chris Tallentire - "Having rental control does not mean that rents cannot be increased. There are rental controls in...

Last night debate resumed on the Residential Tenancies Amendment Bill 2011. The unconfimed transcript is available for a little while here - http://www.parliament.wa.gov.au/web/newwebparl.nsf/iframewebpages/hansard+-+daily+transcripts . The RTAB 2011 debate starts on page 53. There are not...

Yes exactly that is the principle. It only takes a small core of active people to bring an issue to the attention of pollies. At the moment, on the politicians' desks is a large professionally-produced report from the Tenants Advisory Service...

The only persons affected by the proposed legislation are every single residential property owner in Western Australia (including owner-occupier neighbours of rental properties, because the tenants will now be harder to evict). To say that owners will simply charge higher rents is a vast...

Hi INVSTOR. Well done, thanks for sending the letter, good work. I hope more WA Somersoft readers take up the pen or keyboard and let their local MP know their objections to the proposed legislation. I have just emailed Liam so will see if anything comes of that. Burbs