In the past, lessors have been able to decline pets at their properties for no reasons. However, from 1st October 2022, a lessor cannot simply refuse a request for a pet without a prescribed reason as permitted under the RTRA…
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Because the Property Owner carries the financial investment, they make the final decision on approving tenants. The agent’s job is to find potential tenants and check out their suitability for each property. If the tenant meets the agency’s criteria, the Property Manager should then present…
These days, 98% of tenants look to the internet to find their next rental property. As a result, Managing Agents have had to become expert online marketers to attract the best tenants for the highest possible rental price with the…
Absolutely. Advertising of rental properties is largely misunderstood by the Real Estate industry. They rate Rental listings as second-rate to Sales listings, presumably due to the difference in commissions involved. While every care is taken with photographing Sales properties, most…
Processing tenant applications is an important task which, if not done properly, can result in a high-risk tenant being placed in your property. An agent should have a set list of criteria for approving tenants which should be openly advertised and adhered…
A Lease can be written for any period of time, as long as both parties (owner and tenant) agrees. A standard lease term appears to be 12 months; however, often a 6-month lease is negotiated to suit either party. We often recommend to…
There is no minimum requirement to take a bond in Queensland. For general tenancies, the law says if the rent is $700 or less per week, the maximum bond amount is four weeks’ rent. If the weekly rent is higher than $700, the…
A rental bond is a security deposit paid by the tenant at the start of a tenancy. It is held by the RTA and is paid back to the tenant at the end of the tenancy provided no money is owed…
There is quite a lot pf paperwork involved with placing a new tenant, and your Agent takes care of it all for you. The three most important documents are: General Tenancy Agreement (RTA Form 18a) – Commonly known as the ‘Lease’, this details…
The Department of Housing provides Bond Loans to tenants who are on a low income, providing they meet certain criteria. Most agents will accept Bond Loans. Once tenants are approved for a rental property, they can apply for a Bond Loan….
Your investment property is a valuable asset which generates an income stream. You need to consider carefully what would happen if that income stream suddenly ceased. This could happen for a number of reasons, but mostly due to the ‘human factor’. A rental…
Once a property is advertised for rent, tenants contact the Agent to arrange a time to view the property. Some agents hold ‘Open Homes’ when the property is vacant. To work more efficiently, most agents will try to tie in…