In the past it has been a common practice for New South Wales Real Estate Agencies to commence a new Tenancy with a Fixed Term Tenancy Agreement and at the end of the term, simply continue the Tenancy as a Periodic or Continuing Agreement.
When changes occur within the Residential Tenancies Act, Agents must review systems and procedures to cater for the … Read the full post »
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https://youtu.be/vhOCoPd_fTQ
John Pye’s experience extends over 26 years (and counting!) in the real estate industry.
In this video, he shares with us about Landlord obligations when it comes to the additional responsibilities in residential rental properties. Check out Part 1 and Part 2 of the series for a full run down.
Follow us over on our <a href=”https://www.facebook.com/johnpyerealestate”>Facebook Page</a> to stay up to date with future interviews and other Facebook Live videos.
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[embed]https://youtu.be/nX7eFXD9sJw[/embed]You’d have to have been living on Mars for the past decade to not be aware that house prices, especially in Melbourne and Sydney, have risen sharply. The combination of extremely low interest rates, a growing population, and in some cases a lack of supply of new homes, has resulted in existing home owners becoming wealthy, at least on paper, and those outside the home ownership club … Read the full post »
John Pye’s experience extends over 26 years (and counting!) in the real estate industry.
In this video he shares with us about Landlord obligations when it comes to the condition of a residential rental property.
Follow us over on our Facebook Page to stay up to date with future interviews and other Facebook Live videos.
Enjoy!
[embed]https://youtu.be/oJqpTjQbG2I[/embed]In these times of lower auction results, and tales abounding of property bargains galore it might seem a bit unbelievable to be talking about a housing supply issue.
Many vendors are probably thinking that the only supply issue they have right now is that there’s too many properties on the market. But behind the scenes there’s still plenty of talk about how we’re not building enough houses by number crunchers who … Read the full post »
We hope you have found our Strata Scheme series helpful. If you missed any of the previous posts, you can read them here – Part 1, Part 2 and Part 3.
To conclude the series, we have listed some of the questions that we are frequently asked by owners and tenants. If you have any to add, comment below and we’ll answer them for you!
Can I keep a … Read the full post »
Maintenance Responsibilities – Owner or Owners Corporation?
One of the most confusing aspects of owning a lot within a strata scheme is understanding who is responsible for the maintenance of certain elements within the lot. This can become even more confusing because not every strata plan is the same and some owners corporations may pass specific By-Laws, which change or absolve the owners corporation’s maintenance responsibilities. This will be discussed in … Read the full post »
Owners Corporation and Executive Committee
The owners corporation is the body made up by all the owners in the strata scheme and is considered the governing body of the strata plan. An owners corporation is defined as follows;
The owners of the lots from time to time in a strata scheme constitute a body corporate under the name ‘The Owners – Strata Plan No. X’ (X being the registered number of the … Read the full post »
What is a Strata Scheme?
A strata scheme is a building or collection of buildings, where individuals each own a small portion (a lot) but where there is also common property (eg. external walls, windows, roof, driveways etc) which every owner shares ownership of. Strata schemes are effectively small communities where the activities and attitudes of residents can have a significant impact on the satisfaction and enjoyment of others.
Whilst strata living … Read the full post »
A common query we often hear from people including Landlords and Tenants is “What is accidental damage and how is this different to malicious damage, deliberate damage and/or Wear and Tear?”.
This is a great question!
In the marketplace, some Landlords have unrealistic expectations that their property will remain in exactly the same condition at the end of the lease … Read the full post »
The Residential Tenancies Act 2010 (the Act) has altered the way in which landlords can recover water usage charges from tenants.
There are two aspects to this:
1. issues relating to the premises;
2. and the provision of bills to the tenant and how payment is enforced.
Which premises are covered?
Section 39 of the Act provides that a tenant must pay the water usage charges for the residential premises, but only if:
the premises are … Read the full post »
The new Residential Tenancies Act 2010 came into force from 31st January 2011. There are number of changes that affect both landlords and tenants:
Tenants Get More Time to Move Out
If a tenant is no longer under a fixed term agreement and the landlord wants the tenant to move out ‘without grounds’, the notice period increases from 60 to 90 days. If notice is given by a landlord just before the … Read the full post »
Have you ever thought “I would buy that property if it ever came onto the market”. We recently had a client complain that I didn’t advise him of the fact that the next door property had come onto the market with another Agent. Of course we don’t have the time to monitor the status of every property in Sydney. However, as a result of this complaint I did some research … Read the full post »