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ARTICLE · 07 OCTOBER 2024

Residential Focus: NSW tenancy law update

Holding Redlich
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NSW Government intends to introduce several legislative amendments designed to build a fairer rental market.

AustraliaReal Estate and Construction
Brandon Thai
Brandon Thai
Christine Jones
Christine Jones
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This month, NSW renters are being given a reprieve as the NSW Government intends to introduce several legislative amendments designed to build a fairer rental market.

The proposed bill, which has been in consultation with private stakeholders, includes requiring landlords to provide free ways for tenants to pay their rent.

While the existing legislation requires that landlords and real estate agents provide at least one free way to pay rent, the loose wording of the Residential Tenancies Act allows for landlords and agents to put that method out of easy reach by making it inconvenient (such as requiring in-person payments). Modernising the requirements for free methods of payment to (for example) a free bank transfer could see renters saving up to 1.5 per cent of their weekly rent in fees.

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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