As an ongoing service to clients we will be providing you with details of VCAT cases every few months concerning retail property issues. Here are three cases which may be of interest to you from the Building and Property List at VCAT which are summarised below: 1. FNB Hotel Pty Ltd v Hotel Carringbush Pty
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END OF TENANCY – Rental providers giving renters a notice to vacate must now provide evidence in some circumstances. – Changes to notices to vacate for overdue rent (rent arrears), will result in some notices not being valid if the overdue rent is paid before the termination date (the first 4 notices or strikes). –
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DURING A TENANCY – Renters must be given a ‘fee free’ way to pay their rent, including by EFT or, for renters receiving Centrelink payments, via Centrepay – Renters can make some modifications to their homes with or without consent – Broken air conditioners and mould and damp issues are treated as urgent repairs –
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BEFORE STARTING A TENANCY – Rent bidding is banned – There are restrictions on what can be asked on an application: renters cannot be asked about their bond history, previous VCAT hearings or a bank statement showing daily transactions – Renters must be given information about unlawful discrimination (Statement of Information for renters) – Renters
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There is no doubt that more and more notices to vacate are being challenged by renters these days. Whether this is triggered by the current market conditions or other factors is debatable, however, the fact remains that many investors are not easily obtaining possession of their properties when they want or need it. VCAT must
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From basic to brilliant: Melbourne has undergone significant gentrification of once undesirable, working class suburbs. Gentrification is the process where a neighbourhood undergoes urban renewal and revitalisation, typically leading to increased property values, which sees lower-socio economic residents replaced by more affluent newcomers. Typically, gentrification takes decades, slowly transforming once working-class neighbourhoods in inner-city areas;
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Choosing the right estate agent Buying, selling or renting a home is one of the most important decisions you will have to make, and it can also be one of the most complex. An estate agent should be dedicated to simplifying the process for you to make it as stress free as possible, but the
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Capital Gains Tax is a term you’ll often hear when it comes to the sale of investment properties. It is one of those taxes no one really wants to pay. A little quick history, Capital Gains Tax (CGT) was introduced in Australia in 1985 and applies to any asset you’ve acquired after this time. Basically,
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Australia is experiencing record levels of inflation as a result of knock-on effects from the COVID-19 pandemic, the war in Ukraine and strong consumer demand. We are set to forecast up to 8% by Dec 2022. In Australia, the most significant price hikes have been in dwelling purchases by owner-occupiers, automotive fuel, furniture and fruit
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