The government is reviewing the Residential Tenancies Act 1997 to ensure a modern and dynamic rental market, in which tenants are safe and secure, and which will meet the current and future needs and expectations of tenants and landlords.
This review focuses on the operation of the Act relating to:
- maximum bond amounts and bond increases;
- reclaiming bonds at the end of a tenancy;
- maximum amounts of rent payable in advance;
- rental bidding and auctions;
- late payment of rent, and;
- other payments and charges.
The RTA does not regulate the amount of rent that can be charged. However, it sets rules for:
- maximum amounts of bonds and rent in advance;
- how often rent can be increased;
- who is responsible for fees, charges and ongoing costs, such as utilities.
Victorians are encouraged to make a submission, share their stories and participate in polls, blogs and discussions on the public consultation website. fairersaferhousing.vic.gov.au/renting