What is a property condition report?
1This
is a report that is compiled at the commencement of a tenancy prior to
your tenant moving into the property. This report outlines the
condition of the property at the commencement of the tenancy and is
used when the tenant vacates to ensure that the property is left in the
same condition. This is the last inspection carried out as soon as
possible after the end of a tenancy, when the tenants have returned
their keys. The Property Condition Report is used at this inspection
and each item is checked off to make certain that the property is in
the same condition as when the tenant took possession. It is at this
inspection that any items that need to be rectified by the tenant are
identified.
What is a Routine Inspection?
Routine
inspections are conducted after a tenant takes possession of the
property and are conducted every four months. These inspections are
essential to ensure that your property is being maintained to an
acceptable standard and to identify any maintenance that may be
required. A copy of the routine inspection report is forwarded to you
after each inspection and should it be necessary, a member of the
Property Management Team will contact you to discuss items noted on the
report.
What is a database check?
Database
checks are conducted on all tenants applying for a property through
First National Real Estate. Within Australia there are two databases
used by Real Estate Agents to lodge and check bad tenants. These are
Tenants Reference Australia (TRA) and TICA. Any tenant who has rented
through an agency that uses these databases and has defaulted in some
way will be lodged on theses databases. This can greatly reduce your
chances of getting a tenant with a previous bad rental history.
What happens when a tenant stops paying rent?
When a tenant falls behind in their rental payments they are issued
with a notice of breach advising them that they are behind and
requesting that they rectify the problem. If this is not done within
the stipulated time period then a termination notice is issued
requiring that they vacate the premises.
How do tenants pay their rent?
Tenants have several options to pay their rent, leaving no excuse for late payments.
- By cheque or money order
- Internet Banking through their chosen financial institution
- Direct
debit from their nominated bank account, we will supply the tenant with
our account details to arrange an automatic transfer.
When does the rent money get paid into my account?
At
the end of every month all monies held, unless instructed otherwise, is
paid to you by way of direct debit to your nominated bank account or by
cheque. A statement is issued at the same time outlining the debits and
credits for that month.