Posts Tagged ‘Tenants’

Landlord Obligations – Part 1 – Condition of a Residential Rental Property

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.

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Tips to secure yourself a rental property

Here are some helpful tips to consider when applying for a rental property:

1. Turn up to the inspection on time so that you won’t have to rush though the property.

2. Treat the property with respect when visiting. Do not slam doors or push anything open with your feet.

3. Submit a neat application. Quite often we receive application forms that are messy, torn, crumpled or have pages / sections missing and … Read the full post »

Do you have a spare $70,000 up your sleeve?

If so, we have the perfect rental for you! The whole principality of Liechtenstein is now available for rent from $US70,000 a night. This tiny, historic and picturesque patch of Europe is made up of just 11 villages and has about 33,000 inhabitants. They get to stay, by the way.

The starting price of $US70,000 a night, is for two nights’ minimum and for up to 150 people. That includes catering, … Read the full post »

Accidental Damage vs. Wear & Tear

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! 
Accidental Damage
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 »

Changes to the way landlords charge for water usage

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 »

What constitutes an ‘Urgent’ Repair?

Most tenancy agreements state that the owner of the rental property is obliged to conduct ‘urgent repairs’ as they arise. What constitutes an ‘urgent’ repair and what happens when landlords try to ‘save money’ by refusing to carry it out?

Throughout Australia, landlords as well as tenants are subject to residential tenancy legislation. For example, in NSW landlords have to keep the property in good condition, they are obligated to lodge … Read the full post »

Big Changes ( that affect both landlords and tenants)

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 »

Inheriting the Tenant

Thinking of buying another investment property? If so, what are the pros and cons of buying the property and inheriting the Tenant who remains in occupancy on the date of settlement? The ‘pro’ of course is the fact the property will have a rent paying Tenant providing an immediate return.

However, be careful of the risks. We recently commenced the management of a Tenant occupied property on the day of settlement. … Read the full post »