renting

Request to Increase the Rent

Fitzpatricks - 26/08/2015

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. If a rent increase is justified, it is important to note that there are notice periods that must be adhered to. To increase …

Continue reading

fixed term and periodic tenancy agreements

Fitzpatricks - 27/05/2015

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 …

Continue reading

increasing the rent

Fitzpatricks - 14/05/2015

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 …

Continue reading

vacancy rates

Fitzpatricks - 25/03/2015

Fitzpatricks vacancy rate has been consistently lower than the total REINSW average for Riverina. Our current rate for February is 2.24%, 1.26% lower than the regions average. Constant reviews of properties that are coming up for lease or are currently vacant is essential to securing the right tenant for your property. Key areas that should be monitored are: 1st impressions: ensuring the property is presented to a …

Continue reading