Radical Change is Coming Thick and Fast Around Tenancy Reform
It’s important that all parties have their say. The RTA (Residential Tenancies Act) is going to change, do you know how it will affect you? Are you worried about what you have heard?
Aims of The Reform
To improve tenants’ security and stability while maintaining adequate protection of landlords’ interests.
To ensure the appropriate balancing of the rights and responsibilities of tenants and landlords to promote good faith tenancy relationships and help renters feel at home.
To modernise the legislation so it can respond to the changing trends in rental markets.
RTA Proposals Inclusions
- Substituting the ability for landlords to terminate tenancies for any reason with specific and justifiable criteria for ending a tenancy.
- Setting the amount of notice a landlord needs to give to terminate a tenancy to 90 days under all circumstances.
- Limiting rent increases to once a year.
- Better equipping tenants and landlords to reach agreement about pets and minor alterations to the home.
- Introducing new tools and processes into the compliance and enforcement system.
You can read more about the reform at the HUD website.