1. Reintroduction of 90-Day ‘No Cause’ Terminations:
Effective from 30 January 2025, landlords can again end a periodic tenancy with 90 days’ notice without a specific reason.
2. Rent Increase Regulations:
Rent increases are limited to once every 12 months, and a minimum of 60 days’ written notice is required. Tenants do have the right to challenge excessive increases at the Tenancy Tribunal.
3. Strengthened Tenant Protections:
The information about tenants facing family violence being able to terminate their tenancy with appropriate documentation is accurate and came into effect on 30 January 2025.
4. Healthy Homes Standards Compliance:
The deadline for all rental properties to comply with the Healthy Homes Standards is indeed 1 July 2025. These standards cover heating, insulation, ventilation, moisture ingress, drainage, and draught stopping.
Current Rental Market Trends
The description of the rental market trends, indicating an increase in listings and a slight decrease in average rental prices in major cities, aligns with some of the search results from April and early May 2025. There’s evidence of increased rental stock and a softening of rental prices in some areas.
How Mojo Property Management Can Assist
The services listed by Mojo Property Management directly relate to the legal changes and the need for compliance:
- Compliance Assurance: Ensuring properties meet the Healthy Homes Standards is a key aspect of compliance.
- Rent Management: Guidance on fair rent setting and handling notices aligns with the new regulations.
- Tenant Relations: Managing communications lawfully is always important.
- Market Insights: Staying informed about market trends helps landlords make strategic decisions.