The ACT Civil and Administrative Tribunal has rejected an application by Empire Global Developments to increase a tenant's rent by 20 per cent on a one-bedroom Canberra apartment.
It said the increase should be allowed because interest on borrowing costs, ACT government rates, and power costs had all increased – but those reasons were rejected because the costs were all tied to the entire apartment complex.
The ACT Civil and Administrative Tribunal ordered a more moderate eight per cent rental increase for the property.
Taleya - 1.8yr
I do like this ruling for the precedent. wayyy too many landbastards expect that the tenant will take on the entire cost of their investment.
Tau in canberra
Canberra landlord's attempted 'excessive' rental increase rejected by ACT Civil and Administrative Tribunal
https://www.abc.net.au/news/2024-02-09/act-excessive-rent-increase-civil-administrative-tribunal-reject/103444656The ACT Civil and Administrative Tribunal has rejected an application by Empire Global Developments to increase a tenant's rent by 20 per cent on a one-bedroom Canberra apartment.
It said the increase should be allowed because interest on borrowing costs, ACT government rates, and power costs had all increased – but those reasons were rejected because the costs were all tied to the entire apartment complex.
The ACT Civil and Administrative Tribunal ordered a more moderate eight per cent rental increase for the property.
I do like this ruling for the precedent. wayyy too many landbastards expect that the tenant will take on the entire cost of their investment.