The Queensland Government is consulting about changes to the frequency of rent increases to ensure recent changes are effective.
On July 1, the government limited the frequency of rent increases to once per year. However, the last few months have seen the emergence of rental management practices which appear to undermine the intent of the legislation, for example, ending tenancies after six months so that the rent can be increased with new tenants.
Today the government issued a discussion paper and is calling for submission on how to ensure the annual rent increase frequency limit is effective.
The discussion paper proposes changes that would apply the limit to the frequency of rent increases to the property, rather than the tenancy, regardless of whether the sitting tenants remain, or the property is re-tenanted.