There are two types of tenancy agreements a tenant can enter into. A fixed term agreement and periodic (continuing) tenancy agreement. A fixed term tenancy has a definite commencement date and expiry date. A periodic (continuing) agreement commences from the expiry date of the fixed term, and has a no expiry date. The preferred type of tenancy is a fixed term agreement where a tenant …
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You can be confident that our office understands the importance of rental returns on your investment and for this reason we are constantly monitoring the market rent on your behalf. When a tenant vacates or a tenancy agreement is renewed, we automatically carry out fair market rent reviews to ensure that we are maximising your income. If a rent increase is justified we will discuss …
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There are two types of tenancy agreements which can be entered into. A ‘fixed term’ agreement is where the tenant and landlord are locked into the lease for a set period of time, i.e. 6 or 12 months. Once this period expires, if the tenant wishes to stay in the property they may enter in to what is known as a ‘periodic’ agreement, which runs week to week, unless …
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Our office understands the importance of rental returns on your investment. For this reason we are constantly monitoring the market rent on your behalf. When tenants vacate or a tenancy agreement is renewed, we will carry out a fair market rent review, investigating: Rental prices of similar properties in the neighbouring area Supply and demand of tenants and properties Council rate increases Interest rate increases CPI …
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Fair wear and tear occurs through normal use or is the normal changes that take place with the aging of the property. This statement is obviously open to interpretation and can often be seen as a grey area of property management. The Residential Tenancies Act states: “At the end of the tenancy, the tenant must leave the premises and inclusions, as far as possible, in …
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