The duration between rent reviews has been extended from 12 months to 24 months. This measure will have effect for a period of 4 years from enactment of the relevant provisions, after which the duration between rent reviews will revert back to 12 months. This measure has been introduced upon commencement of the new legislation on the 4th December 2015.
Change: A Landlord (or Receiver) can only seek a review of the rent once in any 24 month period and cannot increase within 24 months of the commencement of the tenancy. For example, if a landlord issues a Notice of Rent Review on or after the 4 December 2015, a further Notice of Rent Review may not be served until 24 months have passed from the date of the prior rent review notice. The amendments also have a form of retrospective effect. Therefore, if a rent review occurred during 2015, the next review may not occur until 2017.
