As you may or may not be aware, new tenancy laws will be coming into effect from 1st October 2022. To keep up to date and remain proactive our team attended the REIQ training session here on the Sunshine Coast.

The changes will affect all investors with permanent tenancies in QLD and we would like to keep you well informed of how these changes will affect you and your investment property.

Grounds For Ending Tenancies

Fixed Term Agreements
Landlords/Agents can give tenants the correct notice needed to end a fixed term tenancy agreement for specific grounds laid out in the legislation OR at the expiry of the tenancy agreement without reason (see fact sheet).

Period Agreements (tenants not in fixed term tenancy)
Landlords/Agents can only give tenants the correct notice needed to vacate the property under the specific grounds laid out in the legislation (see fact sheet).

What this means for us. If a periodic term tenancy continues after 1 October 2022, the lessor’s right to terminate will be limited to the prescribed grounds, there is no more “without grounds”. Which means many landlords who do not have fixed term agreements could essentially have a tenant for life and not be able to do anything about it.

The team at Luxe have implemented systems to ensure ALL our tenancies are on a fixed term tenancy. A fixed term tenancy can be as little as 2 months. Three and a half months out from every fixed term expiry our office will be in contact with you to seek your instructions as to whether to terminate at the end of the fixed term (2 months notice) OR offer a further fixed term to the
tenant.

New ‘Repair Orders’ and disclosure obligations
Changes to Emergency Repairs & Nominated Repairers
Tenants are able to arrange Emergency Repairs to property up to a maximum amount equal to four (4) weeks’ rent under their tenancy agreement (increased from two weeks rent (See fact sheet)

The team at Luxe have started preparing revised form 6 agreements that we will….