Residential Tenancies Amendment Act 2018
As you will most likely be aware the Victorian Parliament passed the Residential Tenancies Amendment Act 2018 (RTA) a few months ago. I have refrained from providing too much comment in relation to these amendments due to the Victorian parliament facing an election and reports that a coalition victory would see substantial changes being made to the Act prior to its implementation. Now the Victorian election is over, and whether it is good or bad, the ALP government of Daniel Andrews has been returned.
With the return of the Andrews government we will see the amendments to the Residential Tenancies Act (RTA) take effect by 1stJuly 2020 at the latest, we will have to wait and see if the government decides to implement the changes earlier.
Over the coming weeks I will start providing information regarding the changes and how they may affect both tenants and landlords.
Whilst there appears to be many changes a closer study of the Act reveals that many of the amendments simply bring into the RTA existing requirements from either common law principles or other legislation, both state and federal. The remainder of the changes in many instances will provide some clarity to what have been grey areas, and whilst some have been controversial, I do not believe they will be the disaster for landlord’s that have been claimed. The most important thing for both tenants and landlords is that you deal with competent agents/landlords who are able to properly manage the implementation of these changes.
Above you will see I have referred to tenants and landlords, in preparation for the changes this will be the last time I use this language. The amendments will see changes to the language to describe tenant and landlords. Landlords will become Residential Rental Providers, tenants will become Renters, and tenancy agreements will become Residential Rental Agreements. The government believes these changes will result in a less ‘feudal’ system.
I will be addressing the changes for you over the coming weeks and months to ensure you are all well informed prior to the changes taking effect, if you have any questions or would like to discuss further please give me a call on 0419-018-005 or email email@example.com.