October 14th 2024.
Today, new reforms have been introduced to the state parliament, capping rental increases to once a year across New South Wales. This comes as part of the government's efforts to improve rental laws and provide greater certainty and protection for renters. In addition to this, the reforms will also put an end to "no ground evictions", meaning landlords will now need to provide "reasonable and sensible reasons" for terminating a fixed-term or periodic lease.
According to Better Regulation and Fair Trading Minister Anoulack Chanthivong, these changes will make it fairer for the state's 2.2 million renters. He believes that by putting an end to no grounds evictions, making it easier to have pets, and ensuring transparent rent payments without hidden charges, the rental market in NSW will become more affordable and balanced.
It's worth noting that the existing protections against multiple rent hikes do not apply to fixed-term leases of less than two years or when there is a change in the type of lease, such as from periodic to fixed term. This has been a loophole in the current legislation, which the government is now addressing with these new rules.
The reform also includes a provision for landlords to respond within 21 days when a renter requests to have a pet on the property. The grounds for refusal are limited and must comply with other laws, suitability of the property, or if the landlord resides at the same property. Renters also have the right to appeal any decision made by the landlord.
Minister Chanthivong expresses the government's commitment to creating a fairer and more affordable rental market in NSW. He believes that these landmark reforms will bring positive changes and provide much-needed protection for renters. In addition, the government has also launched a new WhatsApp channel for people to stay updated on breaking news, celebrity, and sports news without any comments or algorithms.
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