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…
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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…
The Residential Tenancy Laws are very specific when it comes to rent raises. Once a Fixed-Term Lease is signed, the rent CANNOT be raised during the lease term unless it is clearly stated in the terms of the Agreement. At the lease…
The Queensland Tenancy laws are very specific about rent arrears and the process that should be taken when a tenant falls behind in rent. A good Agent should manage arrears on a daily basis. When a Tenant falls behind in…
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…
In order for an Agent to act on an Owner’s behalf to manage their property, they must sign a Management Agreement (Property Occupations Form 6). This agreement contains all details necessary for an Agent to represent the Owner, including special instructions and fees payable…
To promote stability for all parties including Tenants, a Management Agreement runs continuously with no fixed end date. If either party (Owner or Agent) decides to terminate the Agreement, it must be made in writing. Certain notice periods apply with a termination,…
For routine maintenance (ie non-emergency), owners need to give the Tenants at least 24 hours’ written notice. This is normally done via the RTA Form 9 – Entry Notice. Less notice can be given, as long as the Tenants agree. This…
Commonly known as ‘Routine Inspections’, in Queensland these are generally performed once every 3-6 months. According to Legislation, 3 months is the MINIMUM time frame that an Agent/Owner must allow between inspections. The first inspection of a tenancy is the…
The purpose of property inspections is to gain a snapshot of the condition of the property at regular intervals. During these inspections, any routine repairs or preventative maintenance may be identified to assist the owner in maintaining the property’s capital…
Tenancy laws state that a tenant must be given 24 HOURS’ NOTICE for an agent to bring prospective buyers through a tenanted property. Sales Agents who are not well-versed with the tenancy laws often make an error of judgement by assuming that…