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REINSW renews calls for landlord support

The Real Estate Institute of NSW is heaping pressure on the state government to provide additional support for landlords affected by COVID-19, saying several insurers were not honouring rent protection policies if a tenant’s rent is voluntarily reduced, while stimulus announced to date only is available to a small percentage of property owners.

REINSW renews calls for landlord support
Tim McKibbin says landlords do not necessarily have the capacity to carry the costs of the COVID-19 crisis. (Image source: Shutterstock.com)

The Real Estate Institute of NSW is heaping pressure on the state government to provide additional support for landlords affected by COVID-19, saying several insurers were not honouring rent protection policies if a tenant’s rent is voluntarily reduced, while stimulus announced to date only is available to a small percentage of property owners.

REINSW president Tim McKibbin said several insurance companies had derailed good faith rent renegotiat…

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