ARE YOU AWARE THAT HEAVY PENALTIES ARE IMPOSED ON LANDLORDS UNDER THE RESIDENTIAL TENANCIES ACT?
We have prepared a summary of the penalties for your information:
Entering residential premises with the intention of recovering possession - $20,000
Taking possession of a property without an order of the Tribunal - $20,000.
Failure to comply with a Rent Order of the Tribunal - $5,000.
Attempting to contract out of the provisions of the Act - $2,000.
Failure to give the tenant a copy of the Residential Tenancy Agreement at or before the time of signing and a copy of the Agreement signed by both Landlord and Tenant as soon as reasonably practicable - $500.
Failure to increase a tenant�s rent in accordance with statutory requirements - $500.
Failure to provide the tenant with quiet enjoyment of the property - $500.
Landlord entering a property in any way other thatn the ways provided under the Act - $500.
Requiring a Tenant pay rent by post dated cheque - $500.
Failure to co-operate with an investigator from the tenancy Commissioner�s Office - $500.
Unlawfully disclosing information - $500.
Failure to give notice to a Tenant of the Landlord�s or Agent�s address or change of ownership in the Act - $200.
Removal of lock or security device by Landlord contrary to circumstances outlined in the Act - $200.
Failure to give the Tenant a written statement of costs relating to a Tenancy Agreement prior to signing that agreement - $200.
So why would you want to expose yourself to these penalties by managing your own property?