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…
In some Australian states, tenants are required to pay their rent monthly. In Queensland, there are no specific requirements for how often tenants pay their rent, as long as they do not fall behind in their payments. Most tenants tend to…
In general, the Property Owner is responsible to pay for all routine maintenance on a rental property. The main exception is if the damage is a result of mistreatment by the tenants. For example, a kitchen cupboard hinge that is worn…
Queensland Legislation requires Property Owners to arrange for smoke alarms to be checked within 30 days of a new lease or lease renewal. It is important to understand that Property Managers are NOT qualified to perform these checks. A good Managing…
According to Legislation, maintaining the grounds at a Rental Property is generally the Tenant’s responsibility. However, it may be written into a Tenancy Agreement that the Owner takes responsibility for part or all of the exterior maintenance. (For example, the lawns or…
This would fall under the routine maintenance category; as such, it would be the Owner’s responsibility. Owners are advised to have these cleaned regularly, to avoid costly gutter replacement down the track.
A property should be handed over to the Tenant with all light bulbs working. During the course of the tenancy, if a light bulb needs changing it is generally the tenant’s responsibility to have this changed. One major exception is…
Also known as a ‘Break Lease’, there is provision in the legislation to allow Tenants to end their lease agreement early. Both parties (Owners and Tenant) have responsibilities in this case to mitigate losses on both sides. Tenants are responsible…
A Rental Bond is lodged with the Bond Authority under two signatories – the Tenant and the Agent (on behalf of the Owner). At the end of a tenancy, the Bond money can only be released if both parties agree in writing. Once…
At the end of a tenancy, tenants are required to hand the property back to the Agent in the same condition than when they moved in – minus fair wear and tear. They will usually be asked to hand in…
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 you engage a Sales Agent to market your property, they are required to advise the tenant via the ‘RTA Form 10 – Notice of Lessor’s Intention to Sell Premises’. This form must be signed by both the Sales Agent…
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