One of Western Australia’s biggest residential property managers has called for more clarity around how tenants impacted by COVID-19 renegotiate rental agreements and how landlords can continue to service debt under the federal government’s moratorium on evictions.
Rental Management Australia chief executive Andrew Graham, who manages a rent roll of more than 3,500 properties in WA, Queensland and Victoria, said relief was desperately needed not only by renters, but also by landlords willing to support their tenants.
Mr Graham said issues that needed to be addressed included the ability for landlords to make mortgage payments if they grant a rent-free period or an abatement to their tenants, the ability to continue to maintain properties, and the prospect of continuing to make other statutory payments.
On the tenant side, Mr Graham said more clarity was particularly needed over a tenant’s obligations in the forms of paying additional rent or accepting an extended lease period once the COVID-19 crisis passes.
“The impact of this pandemic will be felt by many, if not most people, and that includes tenants and the hundreds of thousands of hardworking Australians who own investment properties,” Mr Graham told Business News.
“We haven’t yet heard any