If you own an investment property or know someone that does – we are offering a complimentary ‘End Of Financial Year Health Check’ to make sure that you are properly positioned and maximizing the return on your investment property in the current climate.
With so many changes from tenancy laws, to issues surrounding the COVID-19 pandemic, issues, before you lodge your tax return, take advantage of our experience and advice to make sure you are maximising your return.
Some safety obligations that have been advised but not regulated are set to become mandatory – including annual smoke alarm testing and safety checks on any gas and electrical appliances and fittings every two years.
In addition, any properties with a Pool or Spa now need to be registered with their local council by November 1st this year and will require safety inspections to be completed every four years. We are reviewing our procedures and putting in place strategic partnerships and safeguards to ensure this is handled efficiently going forward.
You may have noticed a shift in the wording of some of our communications. This is a result of the latest amendments to the Residential Tenancy Act which has stipulated that ‘Landlords’ are now to be called ‘Residential Rental Providers’, whilst ‘Tenants’ are now legally titled ‘Renters’.
These new laws will mean it is easier for renters to have a pet, but there are also some important steps required to ensure compliance and consent conditions are met.
Renters should first check that the pet they intend to keep complies with existing council laws or legislation,
check that the pet they intend to keep complies with existing council laws or legislation.
Renters must request consent from their rental provider using the Consumer Affairs Victoria pet request form.
Rental providers then have 14 days to approve or deny the request in writing.
A rental provider must lodge a VCAT application and put a case forward as to why they believe the pet is not suitable for the property.
Some reasons that VCAT may review include the type of pet the renter wants to keep, the character and the nature of the property itself including fixtures and fittings, and any other special circumstances.
Things to Consider
Is the home big enough for the type of pet you would like to keep?
Is there adequate outdoor space?
If you move will your pet be suitable for your next home?
How do you manage the noise from the pet?
Renters are responsible for any pet-related damage to the property, so if you are considering a pet you need to ensure you are able to cover the costs associated with any potential damage including scratched floors, damaged carpet and woodwork, or disturbed gardens.
Communication is key
A good relationship between the rental provider and renter is so important.
If a renter is thinking of obtaining a pet, a discussion with the rental provider to get a feel for what may or may not be accepted is advantageous before the formal application process takes place.
This will hopefully ensure that a win win resolution can be sorted for both parties.
If you’d like to know more about these new regulations, please feel free to give us a call on 9899 6099.