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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View our latest video market wraps to find out the latest real estate information for residential sales, commercial and property management. Residential Sales Commercial Sales and Leasing Property Management
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When a tenant signs a lease for a unit, townhouse or flat they have strata by-laws to abide by and this includes the rules and expectations including use of the common property. What is common property? Common property is a thing or things held jointly and usually found at unit blocks, complexes and land with more than one property on it. For example, the following …
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