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Australian landlords and tenants could be treated differently during COVID-19 depending on their location in Australia, it’s been revealed, with an industry body now calling for a more “uniform” approach.
The Real Estate Institute of Australia’s (REIA) president Adrian Kelly has expressed his disappointment that “a uniform approach could not have been agreed to for all Australians”.
At the same time, he conceded that the federal government has dealt with a very complex situation in dealing with eight jurisdictions in the realm of residential real estate.
As a result, Mr Kelly said, “We now face the potential situation where Australians will be treated differently depending on where they reside.”
“This will add to the confusion, and most likely there will be the misinterpretation of messaging,” he considered.
The rationale that commercial tenancies has a “wide national impact, in this case, economic” is equally applicable to residential tenancies, the REIA president said.
“For residential, it is a social as well as economic impact – after all, we all live in dwellings and not all of us either own or lease commercial property.”
He said the “REIA requests that further consideration be given to a national approach to residential real estate”.
A landlord, also known as a lessor, refers to an individual that owns a leased property.
Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.
Real estate is a type of real property that refers to any land and its permanent improvement or structures that come with it, whether natural or man-made.
Rent refers to the payment made by a tenant periodically to a landlord for the use and occupancy of a property.
A tenant, also known as a renter or occupant, is a person or entity that leases space for residential or commercial use.