Vacating a 5 STAR A Grade Tenant, and for what?

This is possibly the worst change in legalisation we have seen to date, and it affects everyone!
Rent cannot be increased during a fixed term unless it is stated in the tenancy agreement and all of the following occurs:

• the agreement states the rent will be increased
• the agreement states the new amount (or how it will be worked out)
• the property manager/owner gives the tenant at least two months' notice in writing for a general tenancy and four weeks’ notice for a rooming accommodation agreement, and
• it has been at least 12 months since the tenancy started or since the last increase.

What do you do when your tenant is more than happy to pay the increased rent and stay in their home?

If you have any questions or scenarios you would like us to discuss on an upcoming episode, please email samantha.eason@exclusivelymanaged.com.au or visit https://www.exclusivelymanaged.com.au/