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Significant RTA reforms - passed!

RTA (Residential Tenancy Act) reforms passed

 

Consumer Affairs have advised that significant reforms to the Residential Tenancies Act (RTA) that were recently tabled in parliament, have now been passed. These reforms provide greater rights to tenants and heavily impact property managers and landlords.

The reforms will come into effect progressively, and all will have commenced by 1 July 2020.

Click the link below to go to the Consumer Affairs update including a further link to view all of the 130 reforms.

https://submit.consumer.vic.gov.au/v/25390/1778927217/email.html?k=8kl5WUFA6av8cb7IItgn79pJeD0hDC5BcESltb0qUkU

A link to the Real Estate Institute of Victoria (REIV) response and the detail of their opposition to the reforms is below:

https://reiv.com.au/news-resources/latest-news/reiv-calls-for-a-fair-go-on-rental-laws-before-parliament-this-week

More detail from the REIV including their continued consultation on the matter, advocating on behalf of members and our clients, with detail on some of their major areas of concern is below. It also includes a link to add your signature to the already 27,000 signature strong petition against the reforms:

https://reiv.com.au/news-resources/policy-issues/rta-review

To understand how these changes will impact you as a property investor, here is the link to our earlier blog explaining the reforms.

https://bonaccorde.com.au/2018/07/proposed-residential-tenancies-act-reforms/

For more information on the matter or to speak to someone about managing your investment property, contact Yvonne or Lorna in our Property Management team on 5984 8900.

 

 

Agent Bonaccorde Landlords REIV RTA (Residential Tenancies Act)
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Significant RTA reforms - passed!