Rent increases must be NRAS Regulations Where rent has been increased, supported by publicly 16(8) the Department will be asking for available data about evidence that the increase is comparative rental rates. supported. It is important to ensure low income households are protected. You should retain your rent review documents for 7 years. The Market Rent Valuation Proposed NRAS 1st year valuations: For does not relate to the correct Regulation 39 dwellings activated between 1 date, or specifies no date at May 2010 and 30 April 2013 all. inclusive, a market rent valuation that relates to a date 91 days either side of the date the dwelling first became available for rent. 1st and 4th Year valuations: For dwellings activated between 1 May 2008 and 30 April 2010 inclusive, the following two documents are required: A market rent valuation that • relates to a date 91 days either side of the date the dwelling first became available for rent; and A market rent valuation that • relates to a date 91 days either side of the last day of the end of the fourth year of the incentive period for the dwelling. The Market Rent Valuation NRAS Regulations 18 The specific dwelling address does not identify key aspects (including unit and street number), of the dwelling that the to which the valuation relates. valuation is referring to. I have attached a factsheet that will provide you with more detailed information about the amendments and how they will be implemented. This fact sheet will also be available on the NRAS webpage (). Yours sincerely John Riley Branch Manager NRAS and Gambling November 2014
Rent increases must be supported by publicly available data about comparative rental rates. NRAS Regulations 16(8) Where rent has been increased, the Department will be asking for evidence that the increase is supported. It is important to ensure low income households are protected. You should retain your rent review documents for 7 years. The Market Rent Valuation does not relate to the correct date, or specifies no date at all. Proposed NRAS Regulation 39 1st year valuations: For dwellings activated between 1 May 2010 and 30 April 2013 inclusive, a market rent valuation that relates to a date 91 days either side of the date the dwelling first became available for rent. 1st and 4th Year valuations: For dwellings activated between 1 May 2008 and 30 April 2010 inclusive, the following two documents are required: • A market rent valuation that relates to a date 91 days either side of the date the dwelling first became available for rent; and • A market rent valuation that relates to a date 91 days either side of the last day of the end of the fourth year of the incentive period for the dwelling. The Market Rent Valuation does not identify key aspects of the dwelling that the valuation is referring to. NRAS Regulations 18 The specific dwelling address (including unit and street number), to which the valuation relates. I have attached a factsheet that will provide you with more detailed information about the amendments and how they will be implemented. This fact sheet will also be available on the NRAS webpage (). Yours sincerely John Riley Branch Manager NRAS and Gambling November 2014