Based on research conducted by Domain, approximately 75 percent of Australian investors opt for a property manager to oversee their investment property, citing various compelling reasons. The intricacies of responsibilities, laws, and regulations associated with property ownership make outsourcing property management a time-saving and stress-reducing choice compared to handling it independently. For those contemplating professional…
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When a tenant signs a fixed term agreement, they are committing to stay for the full term.If a tenant wants to move out before the end of the fixed term, there could be costs involved.There are some situations where a tenant can end a fixed-term agreement without penalty.A tenant should give the landlord as much…
It’s tax time. As a property investor it is important to stay on top of your rental property tax deductions and claim them correctly to maximise your tax refund. Rental properties 2023 will help you, as an owner of rental property in Australia, determine:• which rental income is assessable for tax purposes• which expenses are…
The NSW Government is seeking feedback about proposed changes to rental laws that aim to give more stability for renters and improve the overall renting experience. Have your say on changes that would:• require reasons for why landlords can end a lease (ending ‘no grounds’ terminations)• make it easier for renters to keep pets •…
What is a Landlord Information Statement? It is essential to understand and acknowledge your rights and obligations as a landlord; therefore, the ‘Landlord Information Statement’ is implemented to ensure landlords are informed and educated on residential tenancy legislation. What is a Landlord Information Statement, and what has changed?A Landlord Information Statement is a document stating…
Summer holidays are over, and it is back to work. Feeling tired, run down, or just lacking in energy and trying to get your mojo back for the start of work? Then this blog is for you! There are many reasons why you might be feeling tired or lacking energy. Let’s start with focusing on…
From 17 December 2022, licensed agents are prohibited from soliciting rent bidding. An agent must not solicit or invite a person to offer to pay an amount of fixed rent for a residential property that is higher than the amount specified in a current advertisement by the agent for the property. The changes aim to…
As a tenant, you have rights and obligations which are set out under the NSW Residential Tenancies Act 2010 and its associated Regulation which commenced in January 2011. This includes how much notice you must give your landlord when you decide to vacate a rental property, and how much notice the landlord must give the…
Tenants often inadvertently take NBN Connection Boxes with them when they move out. NBN Connection Boxes also known as Network Termination Devices become part of the property when NBN is connected and should be left behind at the end of the tenancy. What you need to know about the NBN. • When you connect NBN…
It’s tax time. As a property investor it is important to stay on top of your rental property tax deductions and claim them correctly to maximise your tax refund. Rental properties 2022 will help you, as an owner of rental property in Australia, determine:• which rental income is assessable for tax purposes• which expenses are…
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To access public information on any NSW strata scheme, you can now search using the plan number or site address to find out the number of lots and date the scheme was registered.
Over the past few years, we have been asked to source a tenant on behalf of a landlord and they retain the ongoing management. This is known as a Casual Letting. Moshav Realty do offer Casual Letting services in the eastern suburbs, eastern beaches, cbd, lower north shore, and inner west areas of Sydney. To…
We have been advised that as of early next year Macquarie Bank will no longer be accepting cash payments via DEFT at Australia Post outlets. This change will be made no earlier than March 2022. You will still be able to pay in person at an Australia Post outlet, but you will need to do…
New laws governing pets in strata schemes commence today, 25 August 2021. The new section 137B of the Strata Schemes Management Act 2015 (NSW) (SSMA), concerning the keeping of animals, will commence and be supported by the Strata Schemes Management Amendment (Pets) Regulation 2021 (Regulations). Section 137B provides that a by-law, or decision of an…
Effective from 13 July 2021, anyone within or visiting common areas of Strata, Community and Company Title developments in Greater Sydney, must wear a face mask at all times. Let’s help NSW stay COVID safe. Examples of common property include: Hallways Foyers Reception areas Mailbox areas Stairwells Shared facilities such as gyms and swimming pools…
With June 30 fast approaching it’s important to stay on top of your rental property tax deductions and claim them correctly to maximise your tax refund. The ATO rental expenses guide 2021 explains how to treat rental income and expenses, including how to treat more than 230 residential rental property items. To view a full…
There are a number of ways to share a rented home. Each arrangement has different obligations you need to follow. Sub-letting – in a sub-letting arrangement, the tenant can rent part or all of the property to another person. The tenant remains the landlord’s tenant and is still responsible for the tenancy, including the actions…
In these uncertain times, we wanted to keep you informed about what we are doing at Moshav Realty to protect our clients and staff’s health and wellbeing. NSW Fair Trading have provided the following advice regarding the Public Health (COVID-19 Mandatory Face Coverings) Order 2021 issued on 2nd January, 2021: “Masks must be worn…
Saving water leads to lower costs. Rented properties must meet certain water efficiency requirements before a landlord can charge a tenant for water usage. More requirements started on 23 March 2020. Landlords must ensure that: shower heads have a maximum flow rate of 9 litres a minuteinternal cold water taps and single mixer taps for kitchen…
Tenants can install fixtures or make alterations, additions or renovations if they have the landlord’s written consent, or if the tenancy agreement permits it. If the tenant’s request for a fixture or alteration, addition or renovation is of a ‘minor nature’ then the landlord must not unreasonably withhold consent. The tenant must pay for the…
In these uncertain times, we wanted to keep you informed about what we are doing at Moshav Realty to protect our clients and staff’s health and wellbeing. As the situation around coronavirus (COVID-19) continues to evolve, we are doing everything we can to ensure that we take measures to mitigate the spread of the virus…
From 23 March 2020, all NSW landlords will need to ensure that smoke alarms installed in the rented property are in working order. A penalty will apply for landlords who fail to comply. The details on when a landlord must repair or replace a battery-operated or hardwired smoke alarm, and when a tenant may repair…
The NSW Office of Fair Trading has announced sweeping changes to the Residential Tenancies Amendment (Review) Act 2018 [NSW] and the Residential Tenancies Regulation 2019 [NSW]. These changes will come into effect on 23 March 2020. “Significant changes are coming which will affect property managers, landlords and tenants,” said Leanne Pilkington, REINSW President. Some of the reforms include: Rent increases…
The NSW Government is modernising community schemes laws to give residents and commercial occupants more flexibility and better governance. Be part of the current public consultation and have your say on two draft Bills. The Bills rewrite the laws, align them with the major reforms made in strata schemes laws in 2015 and incorporate feedback from the…
Under Division 7A of Part 9 of the Environmental Planning and Assessment Regulation 2000, smoke alarms must be installed in all buildings in NSW where people sleep. The smoke alarms must meet the requirements of Australian Standard AS 3786, Smoke Alarms. These provisions came into effect on 1 May 2006. By law, at least…
New tenancy reforms which improve and strengthen the protections for victims of domestic violence living in a rented property start on 28 February 2019. The domestic violence reforms represent some of the most significant changes to NSW tenancy laws for victims and survivors of domestic violence living in a rented property. The reforms are part…