A set of proposed updates to rental property rules recently introduced by the State Government may mean Victoria’s rental property owners are in for another steep change. 

In Victoria, Australia, rental property owners and managing agencies have been given until the end of March to ensure rental properties are compliant with the latest renter legislation update.

Take a look at some practical steps you can take to ensure your real estate agency is compliant with the new residential tenancy laws.

The new legislation and residential tenancies regulations which come into effect in Victoria on March 29th 2021 are causing consternation in the property management sector of the industry.

Originally set to come into effect on 1 July 2020, the start date of the Residential Tenancies Amendment Act 2018 was delayed indefinitely due to the coronavirus pandemic. While some of the changes have already been implemented, Consumer Affairs Victoria (CAV) just announced that all amendments will be implemented by 29 March 2021.

The Victorian Government recently updated the Residential Tenancies Act due to the high number of rental properties not meeting the minimum living standards. Find out how it affects your agency.