The notice period for the lessor for the termination of a periodic lease has been increased by 60 days to 90 days (s85). We recommend that, until the rules are passed, there be more certainty about the composition of the federal government`s next stimulus package with respect to NSW rentals; the parties are cautious when considering whether to enter into any commercial agreement on their tenancy agreements. If you are a homeowner, you should be aware of the provisions of the new legislation, in particular with regard to your obligations arising from a new housing rental agreement or if you intend to sell the property while there is a residential rental agreement. For more information, please contact Mary Digiglio. If you are a homeowner or tenant, you should be aware of the Residential Tenancies Act 2010, approved by the NSW Parliament on 17 June 2010 and expected to start shortly. The Act is a comprehensive review of NSW`s housing tenancy right. While most of the amendments to the 1987 Act favour the tenant, some processes have been facilitated for the lessor. If you have an agreement to pay rent to a landlord to occupy units for the purpose of living, it is likely that this agreement will be covered by the law. The regulation provides for a standard agreement that requires all housing contracts to be in the standard form. Even if a landlord tries to circumvent the standard form of the agreement by entering into an agreement, if it is essentially a housing agreement, you are protected by law (note that some types of agreements are expressly excluded by law, for example. B motels, nursing homes, etc.).
A housing contract can be concluded orally, but you have the legal right to have it in writing. Note: Tenants must remove the changes at the end of the lease at their own expense. Except in the case of a rental agreement that is still on a fixed-term rental agreement, a lessor may terminate a housing rental agreement with a period of at least 30 days on the ground that the owner has concluded a contract of sale of the property, in which the owner is required to give free possession to the buyer (s86). . . .