Big Changes for NSW Renters and Landlords: What You Need to Know About the New Rental Laws Now in Effect

The rental landscape in New South Wales has just undergone some of the most significant reforms in recent years. Whether you're a tenant or a landlord, it’s essential to understand what these changes mean for your rights and responsibilities moving forward. Here's a quick breakdown of the key updates now in effect:

In these types of situations, as your property manager, we can only do our best to manage the situation and place the tenancy into the required legal process; however, we may not be able to avoid a financial loss.

Selling a tenanted property often makes financial sense for investors. Not only do you need to sell at the time that’s right for you in terms of the highest possible sale price, but continuing to receive rental income right up until the property sells can make a huge difference to your bottom line and ensure that you stay on top of investment loan repayments. It’s also appealing to potential investors if a property already has tenants in it.