Rental Property Update
On a different subject, all owners will likely know the cut-off date for compliance with insulation regulations is July 1, 2019. What owners may not realise, however, is that all tenancy agreements in place since July 2016 must state what insulation is in place and if it is not known, what steps are being taken to find out this information. It is not good enough just to state ‘not known’. Plus, there is a compliancy team from the DBH who are checking tenancy agreements from 2016 to ensure they comply. The fine for noncompliance is $500 per property.