NSW Rental Advertising and Rent Bidding — Fixed Price Rules

Oct 7

1 min read

Advertise a fixed price

NSW Fair Trading says residential rental advertisements must include a fixed price. Price ranges, 'offers from' and 'by negotiation' do not comply.

Do not solicit a higher bid

Landlords and agents cannot solicit or invite a prospective tenant to offer more than the advertised rent.

What if a tenant offers more voluntarily?

A prospective tenant may voluntarily offer a higher rent without prompting, and the landlord/agent may consider that offer. The key is that the higher offer was not solicited or invited.

Pet wording also changed

Rental ads cannot state that pets are not allowed. Pet consent is handled through the separate NSW pet-request process.

Management takeaway

Use a clear fixed rent and a consistent application process.

Message MANAGE for compliant rental-marketing workflow.

Thao Pham | 0452 526 888 | info@eltnetwork.com | Class 1 Licensed Real Estate Agent — Licence No. 20375265

General information only.

Source

NSW Fair Trading — Advertising and rent bidding on rental properties.