Rental properties can generate an excellent source of income if they are managed correctly. Managing a rental property involves considerably more than the collection of rent. To help our clients understand the various stages of management, we have provided a brief overview of each phase.
The first stage is STARTING A TENANCY. After advertising the property for rent, interested parties should physically inspect the property and then apply to rent. Once approved, all the relevant paperwork will have to be completed.
Once an agreement is in place, both the tenant and landlord will need to know their RESPONSIBILITIES IN A TENANCY.
All residential tenancy agreements are governed by the Residential Tenancies Act 1987 and we have provided a summary of the main responsibilities.
There are various ways of ENDING A TENANCY
by either a landlord or a tenant. Certain periods of written notice are required as per the Act, depending on what grounds the tenancy is to end.
Both the commencement and ending of a lease agreement involves the payment of TENANCY BONDS.
From the prescribed amount that can be taken from a tenant to refunding the bond once the agreement has been concluded.
Professional property management will protect the value of your investment and maximise your returns. The MANAGEMENT FEES
and the level of service you will be offered will vary depending on the agency providing the service.
At Earnshaws, we are skilled and experienced in all facets of Property Management. If you would like to read more information about these 5 facets, please click on the buttons in the left frame or contact us for an obligation free discussion on your real estate requirements.