Post by NSW Fair Trading

New tech targeting unlawful lease terminations in NSW🚨   The NSW Government is strengthening enforcement of rental laws with purpose-built data-matching technology to help crack down on unlawful terminations.   With reforms to end no grounds terminations now in place for almost a year, including the introduction of re-letting exclusion periods, landlords must wait 4 weeks to 12 months before re-letting a property after ending a tenancy, helping ensure terminations are for genuine reasons.   The new tool has already identified: • Close to 600 properties flagged for potential breaches of exclusion periods • 13 formal warnings and 12 fines totaling $50,050. • In one case, a fine of $35,750 has been issued. The tool is part of a broader compliance effort to strengthen compliance in the rental market, with $8.4 million invested across 4 years.   These efforts are part of broader reforms to make renting fairer in NSW, including: • Ending no grounds terminations • Limiting rent increases to once a year for all lease types • Fee-free rent payment options • Making it easier for renters to have pets • Introducing a Smart Rental Bonds to help renters save by digitally transfer their bond between properties when moving. Renters, landlords and agents are encouraged to report misconduct to NSW Fair Trading by visiting: https://lnkd.in/gRWfx4c6