Powered by MOMENTUM MEDIA
subscribe to our newsletter sign up

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Tenants get more power as major rental laws pass in Victoria

Rental laws, Victoria, rental market

A law that puts more power in the hands of tenants has passed in Victoria, handing investors more rights and restricting opportunities for rental increases.  

First announced in October 2017, the “Rent Fair” reforms aimed to make renting fairer for tenants, according to the Victorian government.

The main changes for property investors to be aware of include:

Pets

- Landlords cannot unreasonably refuse pets; they also cannot refuse consent for assistance dogs.

Advertisement
Advertisement

Modifications

- Landlords cannot unreasonably refuse minor modifications.

Rent pricing

- Rent increases are allowed once every 12 months, as opposed to every six months; and

- Rental bidding is not allowed.

Rent security

- Removed the 120-day “no specified reason” notice to vacate;

- Only allow for landlords to end tenancies via an “end of fix term” notice to vacate and the end of the fixed term.

Tenant rights

- Introduced a commissioner for residential tenancies and a landlord blacklist to give tenants further protections.

Bonds

- Bonds will be repaid if both tenant and landlord agree within 14 days;

- The bond can be released up to 14 days early before the tenancy is over, up from seven days;

- Bonds for rents less than double the median weekly rent (totalling $760) can only be four weeks rent; and

- Reimbursements for urgent repairs need to be made within seven days, down from 14 days.

Tenants get more power as major rental laws pass in Victoria
Rental laws, Victoria, rental market
nestegg logo
subscribe to our newsletter sign up
FROM THE WEB
Recommended by Spike Native Network
Anonymous - This is nonsense. The dividend imputation and CGT changes will have pervasive effects.....
Peter Stewart - Perhaps the above statement about wealth tied up in the family home may lead to greater use of the Pension Loan Scheme post the 1st July new launch....
TRC - So as Shortons Nett wealth is 61 million, I would imagine he would not be happy about this either as it will hit him too being the top end of town and all......
Anonymous - My 94 y.o. mother is a self funded retiree and never has had any superannuation. Fully franked dividends account for 99% of her $41,000 taxable.......