Rent can only be increased once in any 12-month period. ADDITIONAL TERM – RENT INCREASES DURING THE FIXED TERM (for a fixed term of less than 2 years) 70. By completing this clause, the parties agree that the rent will be increased during the fixed term of the agreement. Note: The rent payable under a…Read More→
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ADDITIONAL TERM – TENANT’S CARE AND USE OF THE RESIDENTIAL PREMISES 59.13 not to store rubbish, unregistered vehicles, any inflammable,dangerous or hazardous chemical, liquid or gas (with the exception of any petrol or gas stored in a fuel tank of ay registered motor vehicle) or other inflammable, dangerous or hazardous material on the residential premises,
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In 2022 Arnold Property received an appraisal request from a landlord. The Property was purchased in 2016, and the Selling Agent was appointed to manage the Investment. When we took over the management we discovered: We recommend that the lease be ended, and the property renovated. After obtaining vacant possession our new landlord ended up
Steve Arnold has over 37 years’ experience in residential property management. These days Steve uses his expertise to help landlords improve and upgrade their investments to improve their returns and increase the value of their investment. In 2020, our client transferred the management of his Charlestown Investment Property to us. At this time the property
The first step could be to seek professional advice from a trusted source e.g. Accountant, Financial Planner or Broker. Once you decide to proceed you will need to have a guide as to how much you can afford to spend. Then you can start scrolling through Domain/RealEstate.com for a prospective investment. When you find a
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Offer and Acceptance Once a price is a agreed the buyer will then pay .25% of that price as a “holding deposit”. This begins as what is referred to as a “cooling off period”, which is usually 5 days. During this cooling off period period the buyer should be completing their due diligence i.e. Pest
Needing to sell your property can happen at any time, the motivations for selling can vary. Seeking some professional advice early on can help you. Plan and implement a timeline to have the property at its premium best. It is difficult to know what to do and where to spend the money, you may have
Maximising your property’s value: simple upgrades that pay off Read More »
This property was the primary residence for our client. Arnold Property leased the property in 2010, and the tenants stayed the whole 14 years. The landlords were advised to the market the property with vacant possession despite losing rental income throughout the sales campaign. We had a challenge to come up with a realistic price
We had been managing this Investment Property for our landlord client for years. Our property management done an excellent job. Main Road properties are never easy to appraise especially with an all night service station across the road. This property also was situated on 887 square meters of land with a fairly steep drop in
Selling with tenant still residing: 1. Tenant is entitled to 14 days’ notice in writing prior to listing. 2. It is very important to build trust with the tenant from the outset. 3. Our approach is to have a personal conversation with the tenants. This could occur at the property if the tenant agrees. 4.
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