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Landlords are urgently moving to evict tenants to beat a ban on lease terminations as “opportunists” who are well and in work seek rent reductions.
The Daily Telegraph can reveal the shape of the ban is becoming clearer — a possible 120-day initial period with the option to extend in 90-day blocks. The incentive to prevent squatting will be a legal obligation to pay up after the coronavirus crisis passes.
The financial future of investment property owners has been thrown into chaos by the looming ban being developed by the national Cabinet.
But the NSW and Tasmanian parliaments are moving ahead with their own bans before a national agreement is in place. A NSW government source yesterday said there were anecdotal reports of an increase in evictions.
“These owners would prefer their properties were empty,” the source said.
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