NSW Residential Tenancies Amendment Bill 2024

by

Ed.

From colemangreig.com.au: The Residential Tenancies Amendment Bill 2024, passed on October 24, 2024, introduces significant changes to the Residential Tenancies Act 2010 in New South Wales, including limiting rent increases to once annually, banning background check fees for applicants, and requiring landlords to provide reasons for terminating tenancies.

Effective changes as of October 31, 2024, include the cap on rental increases and the ban on background check fees.

There are also provisions concerning pet ownership rights and penalties for landlords issuing termination notices without valid reasons which are set to take effect as new regulations are developed.

Filed under: Property, SME & Family Business, Tax - Individuals