Does that mean that the rent reset will apply to new post-26 tenancies, even if the tenant doesn't leave?
I was under the impression the rule was that if a tenant leaves a tenancy (any tenancy) voluntarily or due to their fault, then the landlord can reset the rent to market rent for the next tenancy.
It sounds like this will also be possible at the end of 6 years too? Though nobody will get that benefit until 2032 at the earliest, so plenty of time to cripple it.
Another question is if the 2026 tenancies end and pick up the new rules.
Pre-2022 tenancies technically end and their last act is to establish a new tenancy under whatever rules exist at the time.
Will post-2026 tenancies technically end after the 6 years, and similarly establish a new tenancy under whatever the 2032+ rules are. In that case, how can they have any say in what rents are afterwards.
I am not sure that would be constitutional.
Pre-2022: "This contract runs for 6 years and will auto-renew with whatever the rules are at the time of expiry. However, the landlord may opt-out by evicting for no reason."
2022-2026: "This contract runs forever."
Post-2026: "This contract runs for 6 years and will auto-renew with whatever the rules are at the time of expiry. The landlord can opt-out by evicting to sell, move in etc. 'no reason' isn't a valid reason to opt-out."
The 2026 version still technically has an opt-out but it requires the landlord to sell or move in etc. Is that enough to count as an opt-out?
Otherwise, the state is giving itself the right to arbitrarily rewrite contracts.
Maybe the post-2026 contracts are actually of unlimited duration. They just have a built in 6 year cycle, but they aren't new tenancies every size years. A 2027 tenancy would keep the 2026 rules for as long as it runs.