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Equity Express Pty Ltd brings you Haven eNews - Spring edition
From 1 July 2009 the Residential Tenancies and Rooming Accommodation Act will replace existing legislation for residential letting in Queensland. The new Act contains a number of key changes and introduces some harsh financial penalties for non-compliance. It is important for property investors to be aware of these changes, some of which include:
Tenants now have a ground of appeal to dispute significant changes to their lease agreement, including a change in rent charged on the property. To dispute the changes, the tenant must sign the agreement and then lodge the dispute within 30 days.
If a rental property goes up for sale within the first two months of a fixed term tenancy, tenants can give two weeks to vacate without penalty if they were not aware that the property was going to be listed for sale.
Written consent is now required from the tenant to hold open homes, on-site auctions or to use photographs or images including something that belongs to the tenant.
There are restrictions on the days and times that inspections or open homes on tenanted properties can be carried out – from 1 July 2009 not on Sundays, public holidays or any other day before 8 a.m. or after 6 p.m. unless the tenant provides written consent.
Agents or Lessors must give tenants 2 months Notice to Leave on fixed term tenancies – an increase from 14 days.
For more information, please feel free to contact Brad Bell Real Estate Property Management Division on (07) 3343 2099 or visit us at www.bradbell.com.au.