What is a property condition report?

The Property Condition Report outlines the condition of the property at the beginning of a tenancy prior to the tenant moving into the property. When signed by the parties and returned to the Owner this report shall be conclusive evidence of the accuracy of the description of the Premises and its contents. The same report is then used when the tenant vacates, to conduct the Bond Inspection and each item is checked off to ensure that the property is left in the same condition.

What is a Routine Inspection?

Once the tenant takes possession of a property, inspections are carried out periodically to ensure that your property is being maintained to an acceptable standard. A copy of the routine inspection report is forwarded to you after each inspection.

What is a database check?

Nationally, there are two databases used by Real Estate Agents to lodge and check bad tenants. These are Reference Australia (TRA) and TICA, and any tenant who has rented through an agency that uses these databases and has left with a bad record will be lodged on these databases. Every Application received by Terry Giles First National Real Estate is checked against these two Databases, thus reducing your chances of getting a tenant with a previous bad rental history.

What happens when a tenant stops paying rent?

When a tenant falls into arrears with their rent payments, they are requested to rectify the problem immediately. 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?

There are options available for Tenants to pay their rent, making excuses for late payments unacceptable. The following methods are available: - B-Pay - Internet Banking through their chosen financial institution - Direct debit from their nominated bank account – we will supplythe tenant with our account details to arrange an automatic transfer.

When does the rent money get paid into my account?

All landlords receive funds held at the end of every month and, unless instructed otherwise, is paid by way of electronic transfer to your nominated bank account or by cheque. You will also be sent a Statement at the same time showing all the debits and credits during that month.

How will you find the tenant for my property?

There are various ways a tenant is found for a property. As well as advertising in the newspapers and placing the property’s particulars on the internet, our exposure to the market ensures regular inquiries. It is the combination of exposure and advertising which results in a suitable tenant being found at the earliest opportunity.