New Legislation in South Australia is Coming into Effect

We’ve just received word that new legislation surrounding the Residential Tenancies Act 1995 will be coming into effect on 1^st 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 1^st. 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