The WA rental market is undergoing significant changes with the introduction of new rental reforms. These changes aim to create a fairer, more transparent system for both landlords and tenants. As real estate agents heavily invested in the community, we understand the importance of staying informed and adapting to these reforms. Here’s our comprehensive guide to help you navigate these changes.
WHAT SHOULD YOU BE AWARE OF?
ONE: RENT INCREASES
One of the most notable changes is the regulation around rent increases. Previously, landlords could increase rent every six months. The new reforms have extended this period to 12 months, providing tenants with greater stability and predictability in their housing costs. This change is designed to help renters plan their finances better and avoid unexpected hikes in rent.
TWO: SECURITY OF TENURE
The reforms have also strengthened security of tenure for tenants. Landlords now need to provide a valid reason for terminating a tenancy. This includes situations like the landlord wanting to sell the property, conduct significant renovations, or move back into the property themselves. This change aims to prevent arbitrary evictions and give tenants more peace of mind.
THREE: MAINTENANCE AND REPAIRS
There is a renewed emphasis on the prompt handling of maintenance and repairs. Landlords are now required to address urgent repairs within a specific time-frame, ensuring that properties remain safe and habitable. This is a significant win for tenants, as it means that issues affecting their quality of life must be resolved quickly.
FOUR: PETS IN RENTAL PROPERTIES
Previously, landlords had the discretion to refuse pets in rental properties. Under the new reforms, tenants can now request permission to keep a pet, and landlords must provide a valid reason if they wish to refuse. This change reflects the growing recognition of pets as part of the family and aims to make renting more pet-friendly.
BENEFITS FOR BOTH RENTERS AND TENANTS
These reforms bring several benefits for renters and tenants in WA and here is what we know:
- Greater Stability: With rent increases now limited to once a year and improved security of tenure, tenants can enjoy a more stable living situation. This stability is crucial for families, students, and individuals who need to plan their lives around their housing.
- Improved Living Conditions: The focus on timely maintenance and repairs means that tenants can expect a higher standard of living. Properties will be safer and more comfortable, reducing the stress and inconvenience caused by unresolved issues.
- Fair Treatment: By requiring landlords to provide valid reasons for terminating a tenancy or refusing pets, the reforms promote fairer treatment of tenants. This is a step towards balancing the power dynamics in the rental market and ensuring that tenants’ rights are respected.
WHAT RENTERS SHOULD DO
As a renter, it’s important to stay informed about these changes and understand your rights and responsibilities. Here are some steps you can take:
Review Your Lease Agreement: Make sure your lease agreement aligns with the new regulations. If you’re unsure, seek advice from a legal professional or a trusted real estate agent.
Communicate with Your Landlord: Maintain open lines of communication with your landlord or property manager. If you have any concerns or need repairs, report them promptly and keep records of your communications.
Know Your Rights: Familiarise yourself with the details of the new reforms. Resources are available through the WA government and tenant advocacy groups that can provide guidance and support.
The new rental reforms in WA mark a significant shift towards a more balanced and equitable rental market. We are committed to helping both renters and landlords navigate these changes smoothly. By staying informed and proactive, renters can benefit from greater stability, improved living conditions, and fairer treatment.
If you have any questions or need assistance, don’t hesitate to reach out to us. We’re here to help you make the most of these reforms and ensure a positive renting experience.