Question about the Updated Residential Tenancies Act 2010

[Ozibob]

Hi there.
Was wondering if anyone would able to answer a question about one of the updates in the Residential Tenancies Act 2010
in section 4 of the act it states

4. The landlord agrees:
4.1 to provide the tenant with at least one means to pay rent for which the tenant
does not incur a cost (other than bank fees or other account fees usually payable
for the tenant’s transactions) and that is reasonably available to the tenant,

The way i read it (as a renter)i shouldn't have to pay any fees other than the banks fee.
Is this correct that they must supply a free account to pay into ,also what if the landlords agent uses rental rewards does this not apply to third party payments.

Hope this makes sense.

 

[Alabex]

I think you will find that a service like rental rewards takes a fee of like 1.7% of the payment.

What it trying to say is that you cannot force a tenant to use a system like rental rewards that takes this fee. Only bank fees charged by the tenants own account are acceptable.

So money orders are no good as they cost $2.50 a go.

Easiest on is direct deposit into an account... then the only fees charges are those of the tenants own account.

 

[zepth]

Systems like Rental Rewards are fine, but you must supply at least one payment option that does not incur a fee so Rental Rewards and no other option would be unacceptable.