Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Latest


Must Read


PM Tech Startup Growth Sales Marketing Industry Buyers Agent

Startup


Buyers Agent


Our Events


Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

LEARN MORE
VIEW ALL
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.

rpm logo latest

Tenant termination laws still unclear

By Staff Reporter
11 December 2014 | 1 minute read

An industry body is calling on the government to clarify recent changes to the law concerning a tenant’s right to terminate an agreement early without compensation to the landlord.

The Real Estate Institute of NSW (REINSW) said changes made earlier this year to section 100(1)(c) of the Residential Tenancies Act 2010 (NSW) were meant to clarify the circumstances under which a tenant can terminate a fixed-term agreement early without compensating the landlord.

“The intent of the amendment was to reduce the confusion and improve clarity around how the section operates, however, that never came to fruition,” said an REINSW spokesperson. 

“The REINSW Helpline has received queries about the amended section and members have voiced their concerns regarding unclear processes.

“Subsequent decisions by NCAT and commentators who have provided feedback on the section don’t seem to be of one voice. We heard of a case that went before NCAT shortly after the section was amended where the tribunal member was not aware of the changes.

“It seems that no-one is able to provide a clear understanding of the intention, interpretation and effect of the changes,” he added.

REINSW CEO Tim McKibbin said he has raised the issue with NSW Fair Trading, who are going to give consideration to providing a regulatory intent statement ... to provide much-needed information directly from the source”.

“In the past, REINSW has lobbied around the previous drafting of the section, and will continue to push for a clear outcome,” said Mr McKibbin.

Tenant termination laws still unclear
tenant termination
lawyersweekly logo

ABOUT THE AUTHOR


Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.