23 blog posts Filter

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, […]

Landlords – Are you meeting your duty of care?

June 29, 2018

Landlord Property Management Tenant

We have compiled a series of questions a landlord needs to consider and perhaps take action on to make sure they are meeting their duty of care and complying with all regulations. Do you have a contractor to check the smoke alarms annualy? It is the law for every home to have a working smoke […]

Sales Process Checklist for Vendors

June 27, 2018

Purchaser Sales Vendor

We found this quick and handy checklist for sellers to help them with the sales process.  (from Real Estate: A guide for Buyers & Sellers) We hope you find it useful. Have you researched how much your property is worth? Have at least two separate agents presented you with a marketing plan and appraised the […]

Buying Process Checklist for Purchasers

June 18, 2018

Purchaser Sales Vendor

Here is a handy checklist for purchasers to refer to when looking at buying a property. (from: Real Estate: A guide for Buyers & Sellers) We hope you find it useful.   Have you worked out your budget? For most buyers this means finding out if you are eligible for a loan and the amount […]

The Rental Process - What Tenants Can Expect from A Property Manager

May 30, 2018

Landlord Property Management Tenant

Great, quality tenants are sought after by landlords and Real Estate Agencies alike. They look for tenants who pay rent on time, look after the property and stay for the long term. Things you can expect a Property Manager to do are:   Contact all successful and unsuccessful tenants who apply for a rental property If […]

How One Agency Robert Mure Helps Landlords

May 30, 2018

Landlord Property Management Tenant

The decision to lease your property is an important one.  The decision about which property manager you choose to manage it is even more important and shouldn’t be decided on management fees alone.  Many investors spend a large amount of time and effort in selecting a top investment property, however they don’t often make the […]

The Sales Process – From the Purchaser’s Perspective

May 15, 2018

Purchaser Sales

The chief responsibility of the sales agent is to look after the vendor however it is in their best interest to also assist the purchaser in any way possible to ensure a smooth transition of the property from the vendor to the purchaser.  Even if a buyer does not make an offer for a property […]

Property Consultants’ Responsibilities to Their Vendors

May 9, 2018

Purchaser Sales Vendor

There is no doubt we work for the vendor, they have hired us to do a job for them, they are paying us to negotiate the best possible price and contract conditions for their property.  Not only do we take these responsibilities very seriously, we also have other obligations we need to meet in regards […]

Tenant Hints

April 30, 2018

Property Management Tenant

THE NUMBER OF PEOPLE SEEKING TO RENT A HOME IS A  GROWING TREND, ESPECIALLY WITH THE RISING ENTRY  PRICES OF BUYING/OWNING YOUR OWN HOME. WE SEE  EVIDENCE OF THIS IN THE KOO WEE RUP AND SURROUNDING  COMMUNITIES EVERY DAY. At One Agency Robert Mure we are continuously receiving enquiries regarding whether we have properties for rent or do we know of anything coming up in the near future.  When we do have a property to let, it is often snapped up quickly.             […]