VCAT has adjudicated several cases where rent increase notices were found invalid. In some instances, this led to the reinstatement of the original rent and orders for Residential Rental Providers (RRPs) to refund any excess rent collected. It is therefore imperative that your rent increase notices provide comprehensive information.
This information should enable renters to understand why the increase is proposed and assess its appropriateness. In cases where a “Comparative Market Analysis” is cited, VCAT expects detailed information about the properties used in the analysis, including their location and features. This is crucial to satisfy the requirements of the Act that mandate the provision of the calculation method.
Similarly, references to “CPI” as a basis for the increase must be accompanied by a clear formula, relevant data, and calculations. This level of detail is necessary to allow renters to make an informed assessment of the increase’s reasonableness.
In light of these considerations, as a team, we have undertaken a comprehensive review and update of our processes and practices for issuing rent increase notices. Compliance with the legislation is not only a legal requirement but also a reflection of the professional standards we uphold at Marshall White.
Entrust our team to expertly guide you through the complexities of rent increase notices. We’re dedicated to upholding legal standards and protecting your interests as a rental provider, while maintaining strong, positive relationships with renters. With our thorough understanding of the regulations and commitment to clear communication, you can be confident in our ability to manage this crucial aspect of property management effectively and responsibly.
