Does the Residential Tenancy Support Package Affect you?
The last 18 months has been hard for both tenants and landlords and the government has announced new temporary measures will support both tenants and landlords to prevent financially impacted residential tenants from being evicted and to assist landlords who agree to renegotiate rent.
Eligible COVID-impacted residential tenants who cannot meet their rent payments will be protected from eviction during the moratorium period commencing from 14 July and finishing at the end of 11 September 2021.
A landlord or agent may continue to seek a termination in other circumstances including:
- sale of premises
- illegal use of premises
- damage to property
- hardship
- end of fixed term agreement
The Residential Tenancy Support Payment provides up to $1500 per tenancy agreement. This grant will be available for landlords who agree to reduce the rent for COVID-19 impacted tenants from 14 July 2021. The rent reduction agreement can run longer than the 60-day moratorium period (i.e. beyond September 11) if the tenant and landlord agree.
The amount for each landlord will be capped at the reduction that is passed onto the tenants, or $1500, whichever is the lower.
For more information on whether this affects you visit the Fair Trading NSW website: