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Good Afternoon Ladies and Gentlemen, According to estimates from the Australian Bereau of Statistics, approximately 26% of Queensland citizens are opting to forgo homeownership to rent their dwelling from a State of Territory housing authority or private landlords, and it is rapidly increasing. This revealing statistic is a product of evolving social trends which dictate the living habits of society. Evidently a new social class has emerged, however in order to prosper in this alternate area of realty there are various legal factors that society as a whole needs to be aware of before engaging in it. These are the legal pitfalls and problems which can exist. Obviously Renting is not faultless, as it requires the harmonious co-existence of two parties with certain legal obligations one another, and in such a situation problems can eventuate. The following case studies will highlight the common complications that arise when renting, identify where the law is failing and provide viable solutions for their modification. Firstly, to ascertain what the frailties of the present QLD renting system may be, existing laws and statutes must be evaluated. Queensland tenants/lessors are covered principally by the Residential Tenancies Act of 1994. The act is integral to the modern renting process as it outlines the rights and responsibilities of the agents and lessors, applicable to all tenancies.
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