REIQ Best Practice Guidelines v03.23 - Flipbook - Page 43
(c) A notice must be given to the tenant at least 2
months’ prior to the date of increase specifying
the amount of increase and what date the
increase will take effect. In the case of rooming
accommodation, the time limit is 4 weeks’
notice.
22. RECEIVING RENTS AND OUTGOINGS
Member Property Managers:
(a) are authorised under the PO Form 6 to collect
rents and outgoings on behalf of the Client.
Member Property Managers must direct the
tenant how, where and when to pay rent.
(b) can deduct their fees and expenses incurred
from monies received, to a maximum amount
permitted under the PO Form 6.
(c) must provide to the Client in writing an account
of all monies received, paid or appropriated in
accordance with the Form 18a General Tenancy
Agreement.
(d) Notwithstanding the above, for a fixed term
Form 18a, rent cannot be increased by a
Member Property Manager less than 12
months since the current rent became payable.
See the REIQ FAQ – Tenancy Laws 1
July 2023 for information and
examples of how the new rent increase
provisions apply from 1 July 2023.
24. PAYING RENT IN ADVANCE
23. RENT INCREASES
(a) Member Property Managers must not require
a tenant to pay rent in advance more than the
amounts prescribed under the RTRA Act,
being44:
i.
for periodic leases or rooming
accommodation, 2 weeks rent; and
ii.
for fixed leases, 4 weeks rent.
(a) Member Property Managers must not increase
the rent of a property unless they have received
their Client’s instructions to do so and either43:
i.
a fixed term Form 18a contains a
provision allowing for the rent increase
and stating the amount of increase and
method of calculation; or
ii.
the Form 18a is periodic.
(b) Member Property Managers may accept rent
paid in advance by a tenant in any amount if
the tenant elects to pay such amount to secure
the property, provided there is no obligation to
pay same in advance under the Form 18a.
(b) Member Property Managers must follow the
relevant procedure prescribed by the Form 18a
and RTRA Act to increase rent during the term
of an agreement.
(c) If a tenant has paid rent in a period in advance,
Member Property Managers must not request
rent to be paid in that period.
25. TAKING A SECURITY BOND
(a)
The RTA has many helpful
Factsheets that explain
how tenancy laws operate
in Queensland.
43
Member Property Managers should take a security
bond from a tenant to the maximum amount
permitted under the RTRA Act, being 4 weeks rent
for properties that are not moveable dwellings45.
Residential Tenancies and Rooming Accommodation Act 2008, s91
44
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REIQ BEST PRACTICE GUIDELINES
V08.23
Residential Tenancies and Rooming Accommodation Act 2008, s87
Residential Tenancies and Rooming Accommodation Act 2008, s112
43