MANUFACTURED HOMES (COVID-19) REGULATION
Last Friday the Queensland Government enacted the Manufactured Homes (Residential Parks) (COVID-19 Emergency Response) Regulation 2020.
The Property Council previously wrote to the Department of Housing and Public Works outlining the industry’s concerns with the proposed regulation.
Retrospective changes contained in the regulation limit site rent increases resulting from market rent reviews carried out since March this year, and prohibit market review increases up until 31 December. There is an ability for park owners to impose a CPI increase by providing a notice to home owners for the period 25 September to 31 December 2020. Where a market rent review was suspended or is prohibited in 2020, the review can occur in 2021.
Provisions contained in the regulation also allow for meetings required under the legislation to take place via ‘audio links’ or ‘audio visual links’ up until 31 December 2020.
You can access the regulation by clicking here.