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Wednesday, 1 June 2011

Natural Disasters and Their Effect on Rental Properties

The Residential Tenancies Authority have a fact sheet on information for natural disasters victims. We have seen plenty of Natural Disasters in recent times in Qld so as a Lessor / Tenant we should be aware of a disasters implications. A section of the Fact Sheet reads ; A tenancy agreement does not automatically end where the premises are rendered non-livable. If the premises become non-livable, either the lessor/agent or the tenant can issue the other party with a Notice to Leave (Form 12) or Notice of Intention to Leave (Form 13) on the grounds of non-livability, but must do so within one month of the event that made the premises non-livable.   Non Livability is determined when the premises: * has been destroyed, or made completely or partly unfit to live in, other than because of a breach of the agreement, or
                                                                                           * may no longer be used lawfully as a residence. The agreement ends the day the notice is given.   I know boring reading but essential information. You can find more information at  Thanks Mick@TenancyPlus

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