Passive income from your property.
May 15, 2023
Changes to Queensland secondary dwelling regulations.
Did you know that before September 2022, certain local councils across Queensland prohibited landlords and homeowners from renting out secondary dwellings to unrelated parties? This compounded the housing shortage issues already rife within the market and left owners of rentable property with empty homes and potential tenants with nowhere to live.
In a necessary move by the Queensland government, sweeping changes came into effect that superseded the decision of individual LGA’s across the state to relax the current laws. The outcome being that the factors considered for land use should not be determined by the structure or make-up of a household, meaning that property owners can rent their properties to whomever they choose.
Anyone who currently owns or wants to build a granny flat on their property can now offer it to anyone within the market, and all you need is a standard rental tenancy agreement - Form 18a.
Further information and a link to a blank tenancy agreement can be found at - https://www.rta.qld.gov.au/before-renting/tenancy-agreements