For the past 3 months, Landlords have been unable to give notice to evict their tenants, which has impacted a number of sale and purchase transactions.
Next week, the COVID-19 Response (Urgent Management Measures) Legislation Act 2020 will come to an end and the usual rules of the Residential Tenancies Act [RTA] will apply again.
This means from 26 June 2020 Landlords may terminate a tenancy if they have the lawful grounds to do so – including giving 42 days’ notice if the property is being sold, or 90 days’ notice for any reason.
To find out more information and to read a bit more about these changes, check out the Government's media release here.
If you need some assistance in navigating your rental property ownership during this time or are a tenant who may be affected by the lifting of these restrictions, get in touch with us here at iCLAW. We're here to help.