31 blog posts Filter

Downsizing

November 1, 2018

Purchaser Sales Vendor

Is it right for you? How do you know when it’s time to downsize? Is now a good time? The short answer is that there is no short answer. The time to downsize is different for everyone. It does happen to all of us eventually though. We have achieved the great Australian dream of owning […]

Routine Inspection

November 1, 2018

Landlord Property Management Tenant

What does a Property Manager look out for? A Routine Inspection is a regular, periodical inspection of a rental property performed by a Property Manager.  In Victoria, two inspections are permitted in a 12 month period. The first inspection cannot be performed until 3 months into a new tenancy and then every 6 months after […]

Notice to Vacate - Landlord

October 23, 2018

Landlord Property Management Tenant

A tenancy agreement can only be ended in accordance with the Residential Tenancies Act 1997. If your landlord wants to end the tenancy they must give you a ‘Notice to Vacate’ in the correct written form and send it to you at the rented premises by registered post or give it to you in person. […]

Notice to Vacate - Tenant

October 23, 2018

Landlord Property Management Tenant

Ok, so you would like a sea change or your new home has been built and is now ready to move into…how do you go about giving notice to your landlord that you will be leaving? If you wish to end the tenancy, you will need to advise the landlord in writing, make sure you […]

Fair Wear And Tear

October 22, 2018

Landlord Property Management Tenant

If you are a landlord (or even a tenant) you are sure to have heard this phrase a time or two. One of the most common causes of disputes between landlords and tenants concerns a persons’ understanding or their differing interpretations about what is fair wear and tear, especially when a lease comes to an […]

Which Season To Sell In?

October 18, 2018

Purchaser Sales Vendor

Does the time of year really make a difference? We have all heard the hype that spring is the best time to sell but as the colder months approach does this time of year deserve the stigma of being the worst time to put your property on the market? It does make sense to sell […]

Breaking a Fixed Term Lease

October 9, 2018

Landlord Property Management Tenant

A Residential Tenancy Agreement, also known as a lease, is given to a successful applicant of a rental property, by either the agency who is managing it or the landlord. It is a legal contract between the tenant and the landlord. The two most common types of lease are: Fixed Term: A fixed-term lease is […]

Presenting a rental property

October 2, 2018

Landlord Property Management Tenant

Presentation counts for rental properties too Most times when an Agency undertakes a leasing and marketing campaign for a rental property, the presentation is a result of the last tenant. Legislation keeps the responsibility of vacating tenants to ‘reasonably clean’  which leaves a lot of room for interpretation                           . There is much to gain getting […]

Buyer Beware

September 18, 2018

Purchaser Sales Vendor

Have you done your There is a lot more to Due Diligence than getting a Building and Pest Inspection performed. Careful and thorough checking of anything that could affect you and the desired property takes time and effort. It is very important you take the necessary steps to identify any obligation and restriction issues regarding […]

Smoke Alarms - Tenants

September 10, 2018

Landlord Property Management Tenant

Be safe in your rental property Even though The Act does not permit owners to transfer the responsibility of installing, cleaning, testing and replacing smoke alarms solely to a Tenant, the Tenant is responsible for: Reporting faults as soon as possible to the Landlord or Agency ie: alarm beeps continuously or makes an occasional chirping […]

Smoke Alarms

September 9, 2018

Landlord Property Management Tenant

Are you 100% sure the in your rental property will work in the event of a fire? The Landlord is responsible for installing, maintaining and replacing smoke alarms and batteries annually and keeping accurate records. Landlords are legally obliged to keep their rental property/s safe and hazard free. As such, they are required to have […]

Goods and Chattels

September 6, 2018

Purchaser Sales Vendor

(AKA – ) What stays and what goes when you buy a property? A Purchaser’s offer has been accepted by a Vendor and contracts are being organised to be signed, but what actually are they buying? Yes, when a Purchaser buys a property they get the title and that gives them the right to the […]

Routine Inspection

August 28, 2018

Landlord Property Management Tenant

– What does it mean? A Routine Inspection is a regular, periodical inspection of a rental property performed by a Property Manager.  In Victoria, two inspections are permitted in a 12 month period. The first inspection cannot be performed until 3 months into a new tenancy and then every 6 months after that.                                                                                      It is […]

Condition Report - What is it?

August 28, 2018

Landlord Property Management Tenant

A Condition Report is prepared by the Agency. It records, via photographs and comments, the general condition of a property, including fittings and fixtures, BEFORE a Tenant moves into the rented premises. If you have paid a Bond, the Agency must prepare a Condition Report and even if you have not paid a Bond, it […]

What is a Comparable Sale?

August 22, 2018

Purchaser Sales Vendor

On the 1st May, 2017, Consumer Affairs Victoria introduced new underquoting laws which apply to Estate Agents and Agent’s Representatives engaged in selling residential property in Victoria.Based on legal requirements, an Agent must take into consideration the three most comparable property sales to the property for sale when discussing an *estimated selling price with a […]

Exclusive Leasing and Managing Authority: Residential Property

August 8, 2018

Landlord Property Management Purchaser

The ‘Exclusive Leasing and Managing Authority’ (otherwise known as ‘The Authority’) is a binding contract signed between a landlord and the agent. In signing it, the landlord gives the agent exclusive rights to find a tenant and authorises them to manage the rental property. The authority should include: The agent notifying you of any damage […]

Residential Tenancy Agreement

August 1, 2018

Landlord Property Management Tenant

A Residential Tenancy Agreement, also known as a lease, is given to a successful applicant of a rental property, by either the agency who is managing it or the landlord. It is a legal contract between the landlord and tenant which can be in either written or verbal form, however it is recommended it be […]

Contract of Sale of Real Estate

July 24, 2018

Purchaser Sales Vendor

A property is ‘Under Contract’ when both Vendor and Purchaser have signed the Contract of Sale. It is deemed to be ‘Unconditional’ (sold) when all the conditions of the sale have been met. The Contract of Sale can also be used by prospective Buyers to make an offer on a property. A formal Contract of […]

Vendor’s Statement (Section 32)

July 18, 2018

Purchaser Sales Vendor

It is a legal document, also known as a Vendor’s Statement, and is so called because the information it must contain is set out in Section 32 of the Sale of Land Act.  The Vendor (seller) is required to supply any persons who have an interest in purchasing their property with a Section 32  BEFORE […]

Overview of the rental process for tenants

July 11, 2018

Landlord Property Management Tenant

If a tenant is interested in renting a property, it is highly recommended that they personally attend an Open for Inspections or arrange an appointment to inspect the property, that way they can meet the Property Manager and ask any questions while they are viewing the property. Once they have decided the property suits them, […]