Landlords braced as rental market legislation finalised
New proposal will limit landlords to one rent increase every two years, instead of every year, as it is at present
For most of the state’s history, the rental market has been completely unregulated. Councils were supposed to be doing the job, but just 20 per cent of landlords were registered.
All that changed when the Private Residential Tenancies Board (PRTB) was set up in 2004 to try to sort out landlord-tenant disputes.
The government has been working on legislation for the past two years to go a step further, given that one in ...