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:

When a tenant moves into a rental property, the landlord or property manager must ensure that the premises are habitable and in a reasonable state of cleanliness and repair.

The tenant is responsible for keeping the property clean and tidy and, at the end of the tenancy, handing it back in a condition similar to how it was at the start of the agreement, taking into account normal use (fair wear and tear).

MMJ Commercial is thrilled to announce the successful opening of ‘Kitchen Warehouse’ as the newest tenant along the King Street Bulky Goods ‘strip’ at Warrawong.

Don’t know your LMI from your LVR? Can’t quite remember what caveat emptor means but you’re pretty sure Robin Williams banged on about it in Dead Poets Society?  Never fear: help is at hand. Without further ado, here is an A to Z of some of the most baffling real estate terminology.

A property that is well presented not only attracts a higher rental income but also a better quality tenant.  Increasing the rental income of your investment property is a top priority for smart property investors and it isn’t as expensive or as difficult as you might think.   A few low cost strategic improvements to your investment property could significantly increase its rental value meaning more money in your pocket each week.