Tenants in a beachside Sydney suburb fighting a rental increase of almost 65 per cent have won their case at a Tribunal. 9News
Harrison Reid, agreed to pay a new weekly amount of $820 – an increase of 22.5 per cent, for his two bedroom apartment.Despite being in a prime spot the building, called Pacific View, has mould and other issues, tenants say.
During mediation, Harrison Reid agreed to pay a new weekly amount of $820 – an increase of 22.5 per cent, for his two-bedroom apartment."It's reassuring for sure. We feel like logic and reason have prevailed."More cases are due to be heard from other tenants later this week.Despite being in a prime spot the building, called Pacific View, has mould and other issues.
Owner Denis Sinilov bought the building in 2021 for a reported $15 million and has plans to knock down and rebuild it.Cohen said in a statement his role was to advise the landlord on whether or not he was receiving rent in line with current market conditions. "And while such a large increase is not typical, it's often the result of tenants not receiving regular year-on-year increases," Cohen said.The tenants said they had not had a rent increase in four years so they were not opposed, but called the increase "excessive" and "greedy".READ MORE:
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