I just read the below; anyone else have any updates?
NSW Residential Tenancy Act Update
On the 18th of June the NSW parliament unanimously agreed to changes to the act and will likely be taking effect in late 2010. This will deliver some important additional protection for both property investors and tenants, including:
1) Landlords will be required to provide at least one free method for rent payment.
2) Property investors will regain certainty in seeking vacant possession of their premises.
3) Termination of periodic tenancies has been extended to 90 days notice, previously 60 days.
4) The eviction process for non-payment of rent will be sped up to 18 days.
5) Tenants will be supported in making reasonable requests to make minor changes to the property.
6) Tenants will be supported in making reasonable requests to sub lease spare rooms.
7) The proposal of a lease break fee. It was proposed that if a tenant wanted to break their lease during the fixed term, they could if they paid a set fee.apparently they have abandoned this
NSW Residential Tenancy Act Update
On the 18th of June the NSW parliament unanimously agreed to changes to the act and will likely be taking effect in late 2010. This will deliver some important additional protection for both property investors and tenants, including:
1) Landlords will be required to provide at least one free method for rent payment.
2) Property investors will regain certainty in seeking vacant possession of their premises.
3) Termination of periodic tenancies has been extended to 90 days notice, previously 60 days.
4) The eviction process for non-payment of rent will be sped up to 18 days.
5) Tenants will be supported in making reasonable requests to make minor changes to the property.
6) Tenants will be supported in making reasonable requests to sub lease spare rooms.
7) The proposal of a lease break fee. It was proposed that if a tenant wanted to break their lease during the fixed term, they could if they paid a set fee.apparently they have abandoned this