Attention landlords and tenants! The Queensland Government has announced important changes to rental laws that will impact rental arrangements, with two key dates for implementation: 30 September 2024 and 1 May 2025.
These reforms aim to create fairness and transparency in rental agreements, ensuring housing stability for tenants while providing clear guidelines for landlords.
Key Changes to Be Aware Of:
- Rental Bonds: Adjustments to how bonds are taken and refunded, including new transitional provisions for current tenancies.
- Reletting Costs for Break Leases: Updated rules for calculating reletting costs and handling disputes.
- Rent Payment Methods & Costs: New disclosure requirements and updated processes for rent payments.
- Water & Service Charges: Revised rules for managing water consumption and service charges, with new compliance requirements.
- Increased Security for Tenants: Strengthened tenant rights, including changes to notice periods and grounds for ending tenancies.
These changes will be phased in over time, so it’s important to review the details and understand how they could affect your rental agreements.
For more insights, check out a video from REIQ CEO Antonia Mercerella .
If you have concerns or questions, seeking legal advice is recommended to ensure compliance with the new laws.
Stay informed and be prepared for these upcoming reforms!
