Proposed Changes to Residential Tenancy Act With Jewayne Loong

Anyone who has ever been a tenant or a landlord is governed by the Residential Tenancy Act and there are proposed changes in the works that will have a big impact on everyone.

Jewayne Loong is here with us once again to go into what the proposed changes practically mean for investors and tenants. We deep dive into the details, and make sure you are across what is likely to come.

It may come as no surprise that things are going more in favor of supporting tenants rights, which is not all bad if they are well thought out and clear to implement.  

Let’s jump into today’s discussion and be sure to tune in until the end to hear a few of the potential changes that would actually benefit investors.

Resource Links:

Residential Tenancy Act WA - Proposed Changes Fact Sheet https://www.commerce.wa.gov.au/publications/rta-review-fact-sheets-complete-set Residential Tenancy Act WA - Public Consultation Paper https://www.commerce.wa.gov.au/publications/residential-tenancies-act-review-2019-public-consultation-paper Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join) 1 on 1 strategy session with Jarrad Mahon (https://www.investorsedge.com.au/strategy) For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/) For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/) Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)

Episode Highlights:

Introduction [0:00] Changing the law about keeping pets in rental properties [4:19] How tenants and landlords alike are going to be affected by the aforementioned change of law [5:27] Should a landlord give certain information to a tenant before signing a tenancy agreement? [8:15] Should there be full disclosure about issues concerning the rental property? [9:53] Keeping a public database of blacklisted landlords? [11:01] Educating landlords on the best practices around information, storage & privacy [13:15] Encouraging landlords to offer longer leases [14:07] The disadvantage of having a longer lease contract when your tenant is not ideal [17:47] How often should rent increases be implemented? [21:41] Maintenance and handling of repairs [25:11] Removing the “no grounds” termination by landlords from the Residential Tenancy Act [30:59] Keeping/replacing/moving tenants with regards to the property being sold or having a new owner/investor [32:28] Giving a 60 day notice instead of the previous 30 day notice if the property is sold [34:51] About the termination of a fixed term agreement by a tenant [36:28] About abandoned goods and speeding up the bond release process [39:26] Resolving disputes [40:57] Making willful damage to property an offense under the Residential Tenancy Act [42:43] Ending the tenancy(or perhaps have other options) if the tenant is repeatedly paying rent late [45:59] What’s the overall effect of the proposed changes on both landlords and tenants? [50:57]

About Jewayne Loong:

After working for more than 9 years at Investors’ Edge Real Estate, Jewayne Loong has shown great passion for helping property investors improve their property returns. After three years as a Property Manager, he was promoted to Business Development Manager and shows excellent performance to this day. Awarded as the Property Manager of the Year 2013, he helps both landlords & tenants resolve conflicts and shares insights in his monthly blog.

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