Real Estate

Legislation - Residential Tenancies Regulation 2010 & Australian Common Law (TPA)
Residential Tenancy Act and Regulations 2010 (RTA2010 & RTR2010)
The Residential Tenancies Act (RTA) and related Residential Tenancies Regulation (RTR) was passed by Parliament on 10 June 2010. The Act and its associated Regulation commences 31 January 2011. (last updated by Real Focus on 18th January 2011)
There are more than 100 areas of reform in the new Act. The main changes include:
more protection for domestic violence victims
tenants will have least one fee-free way to pay their rent
the time to evict a tenant who has stopped paying rent will be cut by up to 18 days
red tape will be cut for landlords dealing with goods left behind
tenants will be able to make reasonable requests to make minor changes to premises or to sub-lease a spare room
landlords will be required to make premises ‘water efficient’ if they wish to charge tenants for water usage
landlords will gain the right to show premises to prospective tenants or buyers at least twice a week
landlords and their agents will be prohibited from knowingly concealing certain important information from tenants'
tenants will no longer be forced to have carpets professionally steam-cleaned when vacating premises.
For more details go to www.fairtrading.nsw.gov.au or ,    visit www.REINSW.com.au
Follow the link below to gain access to an electronic copy of the Residential Tenancies Act 2010.
http://www.legislation.nsw.gov.au/maintop/view/inforce/act+42+2010+cd+0+N
Main objectives
The Act aims to:
-  fairly balance the rights and obligations of tenants and landlords
-  modernise and update the law in line with current practices
-  reduce the level of disputes, by providing greater clarity and certainty in the legislation.
 KEY AREAS - Summary
Part 3 - Rights and Obligations of Landlords and Tenants
A Pre-Tenancy Holding Fee – cannot exceed one weeks rent
S. 24 of the Act permits holding fees to be... [continues]

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