What is a property condition report?
This 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 on a regular basis. 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.
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.
- 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.
- By direct deposit at Bendigo Bank
- By cheque or money order
When does the rent money get paid into my account?
At the end of every month all monies held, unless instructed otherwise, are paid to you by way of internet transfer to your nominated bank account. A statement is issued at the same time outlining the debits and credits for that month.
Mid-month payments are also available upon request.