Reapit in Australia & New Zealand:
Change Region: ANZ
As you may know, the Queensland Government has made updates to rental laws, some of which were put into effect earlier this month, on June 6 2024.
At Console Cloud, we understand that this may be a stressful time for you and your business, and we’re committed to assisting you in navigating these changes. Ensuring compliance with the new legislation is our priority, and we are here to help.
While there are a number of changes to rental legislation that may affect your Queensland business, the only reform that necessitates a change in the Console Cloud system is regarding the Rent Increase Frequency Limit, which will now be attached to the property, rather than the tenancy.
In order to help you and your business remain compliant with this new legislation, our teams have added the Most Recent Rent Review (if available) to a range of areas in Console Cloud.
Please note that if you are adding in a new property, the last rent review will not be available and you will need to take action to check the property notes or other sources to ensure compliance before completing a new Rent Review.
Property Details, where you will be shown the Most Recent Rent Review, tenancy, the amount and the date of the last review when you click ‘view details’ on a property.
Tenancy Details, where you will be shown the Most Recent Rent Review (if available), tenancy, the amount and the date of the last review before adding a new Rent Review. This information is shown when adding a new Rent Review.
The New Tenancy Agreement Workflow, where you will be shown the Most Recent Rent Review (if available), the amount and the date of the last review before entering rent payable for a new tenancy. This information is shown when creating a new Tenancy Agreement, in the Agreement > Rent section.
The Most Recent Rent Review will also be visible in The Lease Renewal Workflow, where you will be shown the Most Recent Rent Review (if available), amount and date of last review before preparing a new lease. This information will be shown when in the Lease Renewal Workflow upon preparing a new lease. This piece of work will be released in the coming weeks and we will send you another communication once implementation is complete.
We recognise the importance of staying compliant and minimising disruptions to your business operations. Our team is dedicated to providing you with the necessary support and resources during this transition period. Should you have any questions or need further assistance, please don’t hesitate to reach out to us at cloudsupport@console.com.au.
Thanks for your continued trust in Reapit and Console Cloud. Together, we can navigate these changes and ensure a smooth adoption of the new legislation in Queensland.
