Long Term Lease Act 2013 NSW Australia. As a tenant what are the most important pieces in the legislation?

  • Ben Garnsey by Ben Garnsey
  • 1 year ago
  • blog
  • 0

The Long Term Lease Act 2013 is a piece of legislation in New South Wales, Australia, that sets out the rules and regulations for long-term leases. As a tenant, the most important pieces of the legislation are:

  1. Security of Tenure: The Act provides security of tenure to tenants who enter into a long-term lease agreement. This means that once the lease is signed, the tenant can stay in the property for the duration of the lease, as long as they comply with the terms of the lease.
  2. Rent Increases: The Act sets out the rules for rent increases in long-term leases. Landlords are allowed to increase the rent, but they must follow specific procedures, such as providing notice in writing to the tenant at least 60 days before the increase takes effect.
  3. Maintenance and Repairs: The Act requires landlords to maintain the property in good repair and to carry out any necessary repairs promptly. If repairs are not carried out within a reasonable time frame, the tenant may be able to seek compensation or terminate the lease.
  4. Termination of Lease: The Act sets out the circumstances under which a long-term lease can be terminated. For example, the landlord may terminate the lease if the tenant breaches the terms of the lease or if the property is required for redevelopment.
  5. Dispute Resolution: The Act provides for dispute resolution mechanisms between landlords and tenants. This includes the option of mediation or conciliation to resolve disputes.

Overall, the Long Term Lease Act 2013 provides important protections for tenants who enter into long-term lease agreements. Tenants should familiarize themselves with the Act to ensure that their rights are protected and to understand their obligations under the lease agreement.

Join The Discussion

Compare listings