We’ve just received word that new legislation surrounding the
Residential Tenancies Act 1995 will be coming into effect on 1st
March 2014 in South Australia.
This initial phase of legislation amendments intends to increase
the security and protection of all parties who sign a private rental lease
agreement or a rooming house agreement. A second phase of
legislation reform will come into play in the 2014/2015 financial year, dealing
predominently with rental bonds and bond procedures.
Landlords and agents will be given a two month grace period from
March 1st. This transition time is to ensure that you have the
opportunity to make all necessary adjustments to your rental property
management practices and procedures.
The Real+ team is currently reviewing all modules and content to
ensure our learning platform is completely current. We will advise when the
relevant updates have been made in our platform to ensure you can make the most
of utilising our program to re-educate yourself.
In the meantime, the Consumer and Business Services has issued a
summary of the changes to legislation which you can find by clicking here: http://www.cbs.sa.gov.au/assets/files/Summary_of_the_Changes.pdf
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