
Tax deductions you can claim on your investment property
Investment properties (or properties used for income-producing purposes) have unique tax deductions that you can use to ...
Many landlords are unclear about the details and extent of their legal rights and responsibilities towards tenants. That can be a perilous position, especially as laws have become more protective of renters, and renters have become savvier about their rights.
So let’s do a brush up, with the full recognition that unusual situations with tenants may require more particular advice.
Under the Residential Tenancies Act 2010, a landlord in NSW must, at the beginning of a tenancy:
In addition, throughout the tenancy, the landlord must also keep the property in a reasonable state of repair, at the landlord’s expense unless the tenant has caused the damage.
A landlord may not:
On the other hand, a landlord has certain rights, but many of these are subject to very specific limits and restrictions. A landlord may, for example:
Landlords and tenants have mutual rights and obligations, but the proper exercise of these can be a somewhat nuanced affair, subject to very strict conditions and limits. Knowing your rights and responsibilities upfront can prevent any issues down the track.
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