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‘It’s absolutely disgusting the way tenants are being treated’: Email to tenants labelled a ‘threat’ as market puts squeeze on renters

Sumary of ‘It’s absolutely disgusting the way tenants are being treated’: Email to tenants labelled a ‘threat’ as market puts squeeze on renters:

  • An Adelaide real estate agent says a letter warning of possible rent increases because of the city’s tight property market should not be taken as a threat to tenants…
  • Renters are facing tough competition for properties A real estate agent has sent a warning to tenants about possible rent increases Laws are in place to prevent evictions during the coronavirus pandemic Property managers say they are being inundated with prospective renters amid surging property prices in Adelaide spurred by low interest rates…
  • Magain Property Management at Ascot Park sent out an email to tenants this week warning that rents could increase by up to 10 per cent when their leases expire because of Adelaide’s “hot market”…
  • “Please understand this is purely a courtesy notice we are sending out to all our tenants in order to give them as much notice and information about the current state of the South Australian property market,”..
  • “Given the above information and the greater possibility of a future rent increase, we are simply encouraging our tenants to keep doing a great job with their rent payments and maintenance of their property.”..
  • Magain Property Management says the email should not be considered a threat.( ) South Australian Council of Social Service CEO Ross Womersley said “no-one is going to read this as anything but a threat to their tenancy”….

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