Residential Rentals - Landlords vs Tenants in Qld
I just received this summary of the new Residential Tenancy Rules in Qld. If you are a tenant all your Christmas' have come at once and if you are a Landlord you just have to wear the costs.
1, Your tenant/swill NOT have to pay back any rent. Put simply, a rent reduction negotiated with your tenant/sis a permanent rent waiver meaning you, as the landlord, will be out of pocket, with no means of recovering any unpaid rent in the future post COVID-19.
2 ,You CANNOT ask your tenant/s for any proof of financial hardship. Your tenant/s can request reduced rent due to COVID-19 without any proof. This potentially exposes you to false claims and exploitation of the proposed protections for those who genuinely need it.
3,Your Landlord Insurance will NOT cover you for rent in arrears. The normal terms of your policy won’t cover the rent reduction as this is a mutual agreement between you, as the landlord, and your tenant and you cannot follow the necessary rent default process as this is prohibited. (*Please contact your relevant insurer for individual policy conditions)
4, Your tenancy agreement WILL immediately extend by 6 months if it expires during the 6 month freeze on evictions. Tenants will be automatically entitled to a 6-month extension of the tenancy agreement meaning any protections may last up to 12-months.
5,Your tenant/s can REFUSE ENTRY for anything other than emergency repairs. Not only can your tenant refuse access, they don’t have participate in virtual property inspections either. There’s also no clarity as to whether prospective purchasers can inspect a property that is for sale.
6,Your tenant/s can BREAK A LEASE with only 7 days’ notice. To make matters worse, you cannot recover any lost rent or costs associated with finding a new tenant as would normally apply.
It is quiteunfairto the landlords and agents,these rental law reforms don’t get the balance right. They unfairly impact the property rights of many owners and will hurt people like small ‘mum and dad’ investors and self-funded retirees.
So if you have leased property in Qld you are at the whim of the tenants and if you dont agree then tough. Some sort of expedited review process should have been put in place.
Garry
REMLR 243
2007 Range Rover Sport TDV6
1977 FC 101
1976 Jaguar XJ12C
1973 Haflinger AP700
1971 Jaguar V12 E-Type Series 3 Roadster
1957 Series 1 88"
1957 Series 1 88" Station Wagon
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