The COVID-19 Response (Urgent Management
Measures) Legislation Act 2020 (the Act) came into effect on 26 March this year. The Act amended the Residential Tenancies Act 1986 to support the Government’s response to the COVID-19 situation by imposing temporary restrictions on tenancy terminations and freezing rent increases.
While the tenancy termination restrictions will ended on 25 June, the rent increase freeze remains in place. This means that landlords can’t increase rent for their rental properties until after 25 September 2020.
This means we can not give notice of a rent increase until September 25th and this may be extended
More than ever, we need to make sure we use stringent tenant selection processes and god management practices in these times where rent increases and tenancy terminations can be restricted