Most Residential Tenancy Agreements start with a Fixed Term. Fixed Terms can vary from 6 months up to 5 years. May Tenants & Landlords like to start with a 12-month lease. F.A.Q’s What happens when the Fixed Term expires? Are all terms and conditions the same as those in the Fixed Term Agreement? Can the…Read More→
This is a legally binding Agreement between a Landlord and Real Estate Agency/Property Management company. Without this document the Agent/Property Management Company Is not entitled to charge any fees. This document will include: To enter into a Management Agency Agreement the Landlord will be asked to provide proof of their identity as follows: The Landlord
The Entry Condition Report is a crucial part of this process. Landlords and Tenants have made their comments and exchanged photos that were taken at the beginning of the lease. The Bond Inspection is simply updating the Entry Condition and will include: The tenant must return the property in as near as possible condition to
What is the process for releasing a Rental Bond at the end of the Lease? Read More »
Damage to a rental property can be caused either accidentally or negligently. The question is who is liable for the repair? Tenant or Landlord? The answer is not straight forward, the cause needs to be investigated. Tenants are responsible for taking care of the property and to promptly report any damage or repair. Arnold Property
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
Circumstances in people’s lives can change at any time. Sometimes this could mean the need to sell an investment property with a tenant residing in it. First, we need to determine whether the Residential Tenancy Agreement is a “Fixed Term” of a “Continuing Agreement” In either case the tenant may choose to vacate the property.
Landlords change Property Managers for a various of reasons. It doesn’t cost you anything and you don’t need to wait until the tenant’s lease expires or the tenant vacates the property. The most common reasons in our experiences are: Poor communication Good communication builds trust. There are many ways to communicate, face to face, mobile,
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
Steps to take when Purchasing an Investment Property Read More »
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
