Tenant Financial Hardship Application

Discussion in 'Property Management' started by KingBendtner, 30th Mar, 2020.

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  1. HUGH72

    HUGH72 Well-Known Member

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    This is the market that tenants also signed up for when it suited them. Can’t complain when it works the other way.

    Your hypocrisy is breathtaking, sorry but you are either tolling, delusional or work for a tenants union. No compromise, it’s just the landlords responsibility in your opinion. No that’s not the case, safety nets are now in place.
     
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  2. Anchor

    Anchor Well-Known Member

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    These are interesting times and what was unthinkable (socialism perhaps) a few months back is reality now.

    ScoMo is saying otherwise, but then he has done a lot of ueys in last month, and states have ignored him more than once. Looks like states are also pushing for it and also include tax waivers etc.

    I hope it eventuates and national cabinet (is it legit ?) agrees - will provide clarity to all and prevents inundation of CATs.

    Guess time will tell.
     
  3. Simon Hampel

    Simon Hampel Founder Staff Member

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    Everything in that article and in ScoMo's announcement refers to commercial property. Has nothing to do with residential.

    From the guardian article:

    Asked why no outcome was announced for residential tenancies, Morrison said the “priority has been on the commercial tenancies given the business issues involved and the many business closures”.​

    Their focus is businesses first (so people can keep paying staff) and then residential stuff later.

    As of right now, no legislation has changed in most states.
     
  4. Francesco

    Francesco Well-Known Member

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    Thank you, Thatbum and Simon H for providing some really helpful inputs in this thread. Also to others, for proactively approaching the issues impacting landlords.

    From a feedback by one RE agency in the ACT, the number of managed tenancies indicating hardship is 6%. Of course, not all geographical rental accommodation markets are the same even though pandemic is nationally pervasive. So, why are some posts supporting rental reductions across the broad, without any qualification? The tenancy advocacy bodies visibly promoting this line is doing a disservice to the country for orchestrating social disharmony between landlords and tenants. To an extent, the uniform 6 months ban on evictions issued by the 'National Cabinet' has contributed to condoning potential ruses by financially unaffected tenants' to claim for rent reduction.
     
    Last edited: 5th Apr, 2020
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  5. Simon Hampel

    Simon Hampel Founder Staff Member

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    Due to the demographics of the people who live there, the ACT has a far higher median income / net wealth / etc than any other state in Australia and has far more people employed in the public sector as well. The ACT will be disproportionately shielded from the economic impacts of the virus compared to other states.

    I don't think that 6% number will be anywhere near the levels we see in other states.
     
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