Resources

INSURANCE

insurance By FOX PM While a bond may cover small amounts of tenant damages, lessor’s insurance covers other risks that can be associated with renting out a property such as major weather events, structural issues, loss of rent or serious tenant damage. Insurance policies differ greatly so to work out which one might suit your particular situation best we recommend you talk with Andre Ferreira, Director of Insuranet. http://www.insuranet.com.au/ SHARE THIS RESOURCE Facebook Twitter Google-plus Linkedin Snapchat

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Connections

CONNECTIONS By FOX PM The lessor must pay for any physical installation of services (eg water, electricity, gas, telephone line) however the tenant is responsible for the connection and payment of all services that will be supplied in the tenant’s name.  SHARE THIS RESOURCE Facebook Twitter Google-plus Linkedin Snapchat

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Late Rent

LATE RENT By FOX PM At Fox PM, rent payments are monitored on a daily basis. We action late rent on day two and daily until such time as the rent is paid or legal action needs to be taken. We rarely experience issues with rent payments.  SHARE THIS RESOURCE Facebook Twitter Google-plus Linkedin Snapchat

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Maintenance

maintenance By FOX PM Depending on the nature of the repair, time could be a critical component. If an emergency repair is at hand, you’re at your day job and can’t get around to looking at the problem in the next few hours it’s probably best that we call a plumber so the problem can get resolved fast. We have a team of experienced, licensed tradespeople who attend to our properties quickly and thoroughly at reasonable rates and we encourage you to use them. If you’re not an experienced handyman, you’ll likely find that when you compare the cost of

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Vacating

VACATING EARLY By FOX PM Should a tenant vacate the property prior to the end of the fixed term agreement then compensation may be payable to the owner as directed in the Residential Tenancies Act 1997. If the correct notice is given during a periodic term then the tenancy ends on the date as set out in the notice. In the final weeks of the tenancy, access must be given to re-lease the property. On the last day of the lease, a final inspection is conducted to ensure the property is being left in the correct condition and ready for

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Fair Clause

FAIR CLAUSE By FOX PM The Fair Clause For Posted People allows tenants and lessors to terminate a tenancy should the tenant or lessor be posted away from, or back to, the ACT as course of their employment. A notice under the clause must be accompanied by evidence of the posting. The tenancy ends eight weeks after the day the notice is received or if a later date is stated on the notice, that date. This clause is added to residential tenancy agreements for defence employees and this clause can be enacted at anytime during the tenancy and overrules other

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Tenancy agreements

TENANCY AGREEMENT By FOX PM A residential tenancy agreement is a standard legal document that is governed by strict legislation. If a special condition is added that contradicts the legislation, the legislation overrides the special condition which then came become null and void if the matter is brought before ACAT. Inclusions outside of the standard inclusions should be considered and ratified by ACAT before being implemented.  Fox uses a modififed version of the standard residential tenancy agreement that is aligned to the directives of ACAT and protects tenants and lessors.  SHARE THIS RESOURCE Facebook Twitter Google-plus Linkedin Snapchat

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Portfolio growth

PORTFOLIO GROWTH By FOX PM Our sister company, http://www.pennyhyde.com.au/  is your buyers agent in Canberra specialising exclusively in buyer representation. We give clients a professional voice to their interests when purchasing real estate and our approach to real estate is simple; A commitment to excellence. We can offer you a comprehensive end to end service when trying to build and manage your portfolio through real estate by doing all the legwork for you.  SHARE THIS RESOURCE Facebook Twitter Google-plus Linkedin Snapchat

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