THE HEAT IS ON
After months of tax talk, the Government’s scuttling of a capital gains tax means the focus has shifted back to regulatory changes which will actually take place and impact on landlords. Prime among these are the new Healthy Homes minimum standards for residential rental properties.
The Healthy Homes Guarantee Act, which passed in 2017, allowed for their development. So it was long known the standards were coming, but until earlier this year, it was uncertain what they might entail. That changed with Housing Minister Phil Twyford’s release of the Government’s standards, which lay out minimum requirements for insulation, heating, ventilation, moisture and drainage, and draught stopping.
While we have taken a quick look at the Healthy Homes standards in a previous issue, it seems timely to take a closer, more practical look at what landlords need to do to ensure their rental properties are compliant.
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