Rent reduction during flood period?

Viewing 5 posts - 1 through 5 (of 5 total)

Choubi
Participant
@choubi
Join Date: 2011
Post Count: 13
February 21, 2011 - 12:10 am
Hi
Will tenants get a rent reduction for the period they were without electricity/gas and hot water during the flood period? I know someone whose tenant has taken them to the tribunal because they couldn't come to an agreement.
Any comments are appreciated. Maybe one of you guys is in the same situation?
Cheers
Mick C
Participant
@shape
Join Date: 2010
Post Count: 1,099
February 24, 2011 - 9:30 am
Get it all back from the Insurance company- if your covered for floods…
Regards
Michael
Mick C | Shape Home Loans
http://www.shapehomeloans.com.au/
Email Me | Phone Me
Same Banks. Better Rates. Served With a Passion.
Choubi
Participant
@choubi
Join Date: 2011
Post Count: 13
February 24, 2011 - 10:05 am
Thanks Michael but he is not covered. That's the problem.
Mick C
Participant
@shape
Join Date: 2010
Post Count: 1,099
February 24, 2011 - 10:33 am
dame
Maybe a real estate agent can answer this…
But from a investors point of view – If this is a good tenant ; rent paid on time, stable job, takes care of the home, good family…i would just reduce the rent slightly. Because at the end of the day if the tenant leaves your friend would lose 2-3 weeks worth of rent MIN ( after paying agent fee..and finding new tenant), and finding a new tenant can be annoying
Regards
Michael
Mick C | Shape Home Loans
http://www.shapehomeloans.com.au/
Email Me | Phone Me
Same Banks. Better Rates. Served With a Passion.
Scott No Mates
Participant
@scott-no-mates
Join Date: 2005
Post Count: 3,856
February 25, 2011 - 2:36 am
Just contact office of fair trading in qld – they'll give you the answer in seconds. Even if you aren't obliged to provide a rent abatement, it may be the goodwill which stops them from leaving at the end of the lease.
I recall that they had changed the provisions for giving of notice to terminate should the house become unliveable.