The NSW Government says tenants and small business owners across the state will benefit from a $41 million savings boost after the final part of the NSW Coalition’s Better Business Reforms passed Parliament.
VIA – Elite Agent (November 23, 2018)
Under the Better Business Reforms, the main change for tenants is a simplification of the rental bond rollover process, which will save them $35 million over 10 years by allowing tenants to easily transfer their bond from one lease to another.
Greg Bader, CEO, Rent.com.au said, “With 30 per cent of the population renting, changes that can make the process easier and less intimidating are always welcomed. With bonds specifically, we know that for 60 per cent of renters it can be a challenge to raise additional funds for a new bond if the previous one is not yet released.
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