Rent to buy schemes in Australia
Did you know that in some states in Australia there are houses for rent you can build equity on while being a tenant? It’s not that common here, but rent to own plans do exist. In theory, they’re...
A residential tenancies tribunal is an independent body that helps resolve disputes concerning landlords and tenants.
A residential tenancies tribunal is an independent body that helps resolve disputes concerning landlords and tenants.
Most tenancy agreements in states such as NSW, are covered by the Residential Tenancies Act. This act sets out the obligations and rights of both landlords and tenants, guiding their interactions and relationship with one another. The act also gives power to residential tenancy tribunals such as the NSW Civil and Administrative Tribunal (NCAT) to hear and settle disputes pertaining to tenancy agreements.
While tribunals are not a formal court, they are typically legally binding. This means that both landlords and tenants are required to comply with the rulings issued by the tribunal. If either party is not satisfied with the outcome of the ruling, they typically have the right to appeal within 28 days.
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