As you may have heard in the media recently there have been a number of changes to the Residential Tenancy Act 1987 which govern the management of your property and tenant. These changes will take effective as of the 1st July 2013.
Changes have been made to security bonds lodgements, new tenancy lease agreements, property condition reports, rental application option fees, increases in rent and when and how, rent in advance, urgent maintenance repairs, owners right of entry to inspect the premises, minimum property security and residential tenancy databases.
At MACRO Realty our Property Management team have been well trained by REIWA with the new changes and are fully versed with the new legislation! We like to keep our landlords well informed, so over the coming months we will step through some of the changes and what they mean for you and your tenant.
Remember, almost none of these changes affect existing tenancy agreements. Only tenancy agreements entered into after the law commences will be affected.
For more information go tohttp://www.commerce.wa.gov.au/ConsumerProtection/Content/Property_renting/Renting/NewRTALaws.html