Did you know the approved reasons to end a tenancy changed in 2022?
New rules came into effect last year in relations to owners and renters obligations and rights. One of the rules that will apply to sellers of rental properties is the changes to approved reasons to end a tenancy. The new rules, that started 1 October 2022, give new grounds for owners of rental properties to end tenancy agreements including change of use or sale or preparation for sale of the rental property that may require vacant possession. Read more about it HERE.
Managing Partner Leonie Davey says the rules and laws around the rights and obligations for property owners do change and it pays to make sure you’re up to date with those changes.
“Good property management teams will pass on legislation changes to their owners, but it also pays to stay on top of the changes yourself.
“Subscribing to newsletters like Rental Tenancies Authority (RTA) and Real Estate Institute Queensland (REIQ) is a good idea,” Leonie said.
The most recent changes to Rental Property Owner Rules include:
The Residential Tenancy Authority even have a podcast that you can subscribe to.
Selling a property can be stressful. By staying on top of the rental property rules, there’ll be no surprises if and when you come to sell.
If you’re buying or selling a property, book an appointment today (07) 4925 0229 or email our conveyancer Louise Klein on admin@camschroderlawyers.com.au
