You’ve had people view the property, you’ve done the checks and you’ve found the perfect tenant – what happens next? Well, the next thing is, you need to draw up a tenancy agreement for both you and your tenant to sign. And there are a few other things to do too. Here are 5 essential.
If you’re thinking of investing in property, you’re not the only one! The latest figures from the Australian Bureau of Statistics (ABS) show for July 2021, the value of new loan commitments to investors rose 1.8%, after a rise of 0.7% in the previous month. In July 2021 in seasonally adjusted terms, the value of.
The announcement of new laws about keeping animals in strata schemes in NSW will have been welcome news to pet owners all over the state; as of 25 August 2021, the blanket bans on animals in strata schemes has been lifted, and existing by-laws which unreasonably prohibit the keeping of an animal in an apartment.
We’re often asked what type of property makes for a better investment, but there are many variables and you shouldn’t base your purchase solely on whether the property is a house or a unit. Once you know your budget and you have a property investment strategy, we believe each property should be considered on its.
Every industry has its jargon, and the insurance industry is no different. In a previous article, we explained in plain English some common words and phrases you’ll find in your insurance policy; in this article, we’ve explained some more insurance terminology: Arbitration: the process of solving legal disputes between an insured and an insurer by.
The main qualities a landlord looks for in a tenant is one that pays their rent on time, takes care of their property, and stays for a long time. Credit checking and references will help clarify the first two qualities, but what about the third? This takes a little longer to be revealed; the key.
It’s vital a rental property is spotlessly clean before a new tenant moves in; no-one wants to move into a house full of other people’s dirt, and tenants shouldn’t have to run the vacuum cleaner over dirty carpets or start scrubbing cupboards before they unpack their belongings. Furthermore, by starting with a clean property, you.
There is a real confidence in the market at the moment. In the past couple of weeks, property investors had two reasons to celebrate: Interest rates remain at an all-time low The Reserve Bank of Australia has announced that in its Board meeting, it has decided to keep the cash rate unchanged at 0.10%. You.
The reason we take out special landlord’s insurance is to give us peace of mind to know we are covered should accidents or another unexpected event occur. Some landlords are surprised when a claim is denied; all too often though these claims are denied for very valid reasons. For instance, you cannot claim for general.
Investment property owners can sell their investment property at any time, including when it has a tenant in it. But to protect both parties, there are rules property investment owners must follow in relation to accessing the premises, notice requirements, and the tenancy agreement. For instant, tenants legally need to know your plans, and you.
