Surfers Paradise 
We’re here to keep you updated on the latest regulations affecting property rentals. As of July 1, 2023, all new and existing tenancies are subject to a new rule limiting rent increases to once every 12 months. Any agreements made before this date with more frequent rent hikes are no longer valid.
Key Points:
- Starting June 6, 2024: Rent can only be increased if it’s been at least 12 months since the current rent amount started.
- The 12-month rule remains in place even if there’s a change in the property manager/owner or tenant.
- Property managers/owners must include the date of the last rent increase on the tenancy agreement.
- Tenants can request written evidence of the last rent increase, which must be provided within 14 days of the request.
- If the property was bought within 12 months of the tenancy starting, and there’s no record of the last rent increase, the requirement to provide evidence does not apply.
Example Scenario: If a tenancy agreement signed before July 1, 2023, includes a clause for a rent increase after this date, it will only be valid if 12 months have passed since the last rent amount became payable.
Penalties: It’s an offense under the Residential and Rooming Accommodation Act 2008 to increase the rent more frequently than once every 12 months, with a maximum penalty of 20 units.
Exemptions: Certain property managers/owners and providers are exempt from these changes. Definitions for exemptions are provided in the Act.
For more details, visit the RTA rent increases webpage.
Stay informed and ensure your tenancy agreements comply with these new regulations!
