accountingChapman Upchurchinsulation statementrental property

Tenants must be informed of insulation status

It’s been compulsory sirentnce 1 July last year for any new tenancy agreement to include an Insulation Statement.

That means landlords must record if rentals have insulation, where it is, the type of insulation and its condition.

That allows tenants or potential tenants to make more informed decisions about renting.

Insulating rentals is now mandatory

On top of that, if you have rental property without floor and/or ceiling insulation, you have until 1 July 2019 to install it.

If you don’t have an Insulation Statement, or your property remains uninsulated from 1 July 2019, you can be fined up to $4000.

The insulation requirements don’t apply to in-ground concrete floors and integral ceilings-floors in a multi-storey dwelling.

Note that it’s illegal to install or repair electrically conductive insulation, known as foil insulation, in any residence. A breach could cost you up to $200,000.

Contact us if you have any questions.