As we mentioned in our last newsletter, legislative changes to the Residential Tenancies Act will come into effect on 1 July this year. Commerce Minister Michael Mischin commented that the changes will “create a fairer rental market that balances the rights and interests of both tenants and property owners.“
Today we’re going to outline changes to the Bond system.
Key changes include:
- All bond payments must be held by the Bond Administrator at the Department of Commerce.
- Security bonds can be increased every six months.
- Pet bonds now apply to any animal that is capable of carrying parasites that can affect humans (guide dogs are exempt).
More information about the changing tenancy laws can be found at www.commerce.wa.gov.au/renting.
If you have any questions, please don’t hesitate to get in touch.