Starting from July 1, 2023, Queensland will introduce new rental reform laws aimed at addressing the rental crisis. These changes will impact both landlords and tenants. In this blog post, we will provide a clear and informative overview of the upcoming rental reforms and their implications for landlords.

Changes in Rent Increase Frequency: One of the key changes coming into effect is the limitation on rent increase frequency. Under the new legislation, landlords will only be allowed to increase rent once every 12 months. This rule applies to both existing and new tenancies.

Implications for Landlords: It's important for landlords to be aware of the implications of this change. Any rent increase after July 1, 2023, will only be considered valid if it has been at least 12 months since the previous rent increase. This means that any more frequent rent increases stipulated in tenancy agreements before the implementation of the new legislation will no longer apply.

Continued Impact Throughout the Tenancy: Once these changes come into effect, it will be an offense under the Residential and Rooming Accommodation Act 2008 to increase the rent more frequently than once every 12 months. Landlords must comply with these regulations for the duration of the tenancy if at least one tenant or resident remains the same upon agreement renewal.

Current Rent Increase Laws Until July 1, 2023: Until the new legislation takes effect, landlords can still increase rent if it has been at least six months since the last rent increase or since the tenancy started. However, it's crucial to stay informed and prepare for the upcoming changes to avoid any legal implications.

The upcoming rental reforms in Queensland bring changes to the rent increase frequency for landlords. From July 1, 2023, landlords will only be allowed to increase rent once every 12 months. It's important for landlords to understand and comply with these changes to ensure legal compliance and maintain positive landlord-tenant relationships. By staying informed, landlords can navigate these reforms and continue to provide quality rental properties for tenants in need.

Please know our team is completely across all changes and legislation, so please feel rest assured that we can answer any of your questions if need be. Do you have an investment property and would like further clarification or you're unsure where you stand? Contact our BDM Julie and she will be happy to chat with you about your current property/'s, answer any questions and create a plan to have your investments start working for you. Julie Murray: 0433 834 405