Agents and landlords in Victoria could be stung with up to a $12k fine for failing to comply with the state’s newest rental reforms, now in effect.
The Victorian government has announced a host of sweeping reforms, including requiring the use of a standardised rental application and making it an offence for rental apps and platforms to charge renters additional fees.
Failing to comply with the reforms, which are now in effect, could see property professionals hit with a minimum $12,000 fine for businesses and $2,400 for individuals
Additionally, applicants cannot be asked to provide information not listed on the standardised rental application.
The recent changes have formed part of the government's plan to strengthen renters' protections across the state, including a ban on “no fault” evictions and the announcement of the Victorian Renters Rights Program, to be launched later this year.
Northern Metropolitan region member, Sheena Watt, said the reforms were a significant boost that would speed up the rental process while maintaining renters’ privacy.
“The rental market in Melbourne’s north is incredibly competitive – standard application forms and laws limiting requests for personal information will make the application process faster, fairer and more affordable,” Watt said
Minister for Consumer Affairs Nick Staikos said the changes, which marked more than 150 renter reforms introduced by the Labor government, would enhance protections for the state’s renters.
“These new laws will protect Victorians from unfair and excessive charges during the current cost of living crisis,” Staikos said.
With the reforms taking effect, leveraging real estate platforms becomes critical for agencies to remain compliant.
Managed CEO Phil Tarrant said that renters shouldn’t be forced to pay additional fees just to pay their rent.
“It’s heartbreaking to see how many property technology platforms still slug renters,” Tarrant said.
“At a time when cost-of-living pressures are already high, it’s critical there are free payment options available so tenants aren’t hit with unnecessary surcharges simply for meeting their obligations.”
Tarrant said that the technology to ensure a seamless transition already existed in the industry.
“Rent can be paid directly into a secure digital wallet and transferred to landlords, ensuring the process is both efficient and fair for everyone involved,” Tarrant concluded.
