We provide expert property management in Newcastle and Lake Macquarie. Based in Charlestown NSW, we have been delighting property investors with our personal, professional service since 2011. If you find this article helpful or enjoyable, please subscribe or share it with someone else who may benefit.
As the impacts of COVID-19 began ramping up around March / April 2020, the NSW Government announced temporary measures to restrict when landlords can evict tenants due to rental arrears as a result of COVID-19. In addition, the Government increase the notice period for certain other cases for termination to 90 days. These restrictions were originally due to end on 15 October 2020. They have now been extended until 26 March 2021. Overview of the COVID-19 Tenancy MeasuresThe measures include:
Under the measures, landlords must attempt to negotiate a rent reduction with an impacted tenant in good faith before seeking to terminate a tenancy, and can only give a termination notice or apply for an termination order if it is fair and reasonable to do so in the circumstances. Fair Trading offers a tenancy moratorium dispute resolution service that can assist landlords and tenants to try to reach an agreement. Landlords can still apply to the Tribunal at any time to take possession of a property if they are suffering undue hardship. All tenants not impacted by COVID-19 are expected to continue paying all rent and charges in full. Extended notice periodsAlong with the restrictions on evictions for rental arrears, the Government has also extended the notice periods for certain other lease termination reasons to 90 days. This 90 day notice period applies when ending:
The restrictions on eviction actions and notice periods to end tenancy were originally due to end on 15 October 2020. They have now been extended until 26 March 2021. Further information is available on the NSW Fair Trading website.
We provide expert property management in Newcastle and Lake Macquarie. Based in Charlestown NSW, we have been delighting property investors with our personal, professional service since 2011. If you found this article helpful or enjoyable, please subscribe or share it with someone else who may benefit.
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Carnelian Property Management Newcastle NSWWe are a family-owned and run Charlestown real estate agent offering expert property management across Newcastle and Lake Macquarie. Want More?Build your property management knowledge - get regular tips and advice for landlords and tenants straight to your inbox.
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