Q. With the new Residential Tenancies Act 2010 (NSW) to commence soon, the old Residential Tenancies Act 1987 (NSW) will be repealed. In its 21 years of operation, how many private market tenancies have been created under the 1987 Act?
Good question, Dr Mowbray!
Like all good tenant advocates, Dr Mowbray never asks a question without already knowing the answer, and he has shared the answer with the Brown Couch. We won't share it with you yet, however; first, we'd like to hear your guesses.
And in a first for the Brown Couch, there's a prize for the closest guess: a DVD of the tenurially significant 1990 landlord-tenant horror-thriller, Pacific Heights.
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('They wanted a tenant in the worst way. And that's what they got.')
Send your guess to us in the comments, or by email, by 31 October. One guess per person, please.
And so we're clear, the number we're taking as the answer is the number of rental bonds lodged over the period from the first quarter of 1990 (remember, the 1987 Act did not commence until late in 1989) to the June quarter of 2010 (or as close as we can get to the present date).
(A true pedant might object that bonds lodged does not equal tenancies commenced, because a few landlords wrongly don't lodge bonds, and a very few don't ask for them. If your guess is backed by a better method of approximation than our's, let us know.)
Get guessing!
And so we're clear, the number we're taking as the answer is the number of rental bonds lodged over the period from the first quarter of 1990 (remember, the 1987 Act did not commence until late in 1989) to the June quarter of 2010 (or as close as we can get to the present date).
(A true pedant might object that bonds lodged does not equal tenancies commenced, because a few landlords wrongly don't lodge bonds, and a very few don't ask for them. If your guess is backed by a better method of approximation than our's, let us know.)
Get guessing!
To whet your appetite - from the blurb to 'Pacific Heights':
ReplyDelete'Patty and Drake want their downstairs tenant to pay the rent. He won't. They want him to leave. He won't. And the tenant, a sociopathic scam artist, has made sure he has the law on his side.
'"Check All References" may be a landlord credo, and in the case of this jolting cat-and-mouse thriller, the references are impeccable. Melanie Griffith and Matthew Modine play the over-mortgaged couple whose hope of keeping their renovated Victorian dream home depends on leasing the downstairs. Michael Keaton is Carter Hayes, a frighteningly dangerous nightmare who's out to claim the house for himself....'
I'll kick it off then, I'm going with 5.5 million with the plain bonds system.
ReplyDeleteFor the record, here's a couple of other guesses received from punters:
ReplyDeleteDi: 3.75 million
Sandra: 3.2 million
13.3 million...is my wild guess
ReplyDeleteRita - my guess is 800,000 - a wild figure
ReplyDeleteMy guess is 7.75 million - Paul
ReplyDeleteannabel's guess is 6.3 million
ReplyDeleteHmmm, I think it's higher and I'm guessing 8.2 million. KerryAnn
ReplyDelete