RESIDENTIAL TENANCIES AMENDMENT ACT 2015
The Residential Tenancies Amendment Act 2015 was signed into law on the 4th December 2015. The following provisions of the legislation came into effect immediately:
- A temporary prohibition on carrying out a rent review more than once in every two year period
- The notice period before a new rent can take effect has been increased from 28 days to 90 days.
- Where there has been occupation of between 4 and 8 years, there has been an increase in the required notice period.
Other provisions including the introduction of a deposit protection scheme will be commenced at a later date. Under this provision all deposits will be lodged by the landlord with the Private Residential Tenancies Board, who will only release the deposit (in whole or in part) to the tenant at the end of the tenancy with the consent of the landlord.
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