What is a property condition report?
This is a written report, inclusive of photos, that is compiled at the commencement of a tenancy prior to your tenant moving into the property. This report outlines the overall 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. The first inspection is conducted after the 3rd month of the tenancy and subsequent inspections are then carried out, every 6 months after. 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, along with photographs are forwarded to you after each inspection and should it be necessary, a member of the Botany Park Real Estate Property Management Team will contact you to discuss items noted on the report.
What happens when a tenant stops paying rent?
When a tenant falls behind in their rental payments they are contacted the day after the rent is due, following up on a daily basis until payment is made, or the tenants advise of a date in which the rent will be paid. If rent is not paid 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 cash, 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?
Disbursements are conducted daily Monday-Friday, so you will be paid your rent the day it clears in our account, unless instructed otherwise, it is paid to you by way of direct debit to your nominated bank account. A statement is issued at the same time outlining the debits and credits for that month.
