The Residential Tenancies Act 1994 was amended as from 1st August 2003 to regulate the listing of tenants on databases. There are no contested applications. The Tribunal, in deciding to order that a tenant be removed from a database, could consider:-
CLAIM FOR COMPENSATION
BY LESSOR AGAINST TENANT WHO VACATES FIXED TERM LEASE
This is covered in Section 250 (3) of the Residential Tenancy Act 1994, which
provides that a tenant who vacated a fixed term lease before the expiry date
may compensate the lessor for rent required to be paid to the lease end. Advertising
expenses and other expenses incurred by the lessor for reletting the premises
can also be claimed. The latter would include the reletting fee if the premises
were re-let prior to about 8 weeks before the end of the tenancy term. Where
the tenant wishes to terminate a fixed term lease early, the tenant should make
an application to the Tribunal prior to making final arrangements to vacate.
ENFORCEMENT
The enforcement procedure is no different from the procedure required under
the general law for the recovery of any debt, with the exception that the Tribunal
can cause the party which owes the money to be examined as to his or her financial
affairs. There are three separate ways, which may be followed by the successful
party.
Accordingly, the Lessor Protection Policy that Peter Campbell Realty offers via MGA Insurance is even more important than before. I expect that the watering down of "the bad tenant database" will cause a corresponding rise in recurring defaulting tenants. The most important issue is that a bad tenant cannot be put onto the database until the tenancy is terminated, i.e. the tenant does not pay rent for the last 6-8 weeks, runs out the bond and can only be listed "after the event".
Your positive reaction. Take Landlord Insurance , and/or a Rental Guarantee that assures you of monthly rental cash flow for four (4) years irrespective of the sub-tenant conduct.
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