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…
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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…