JUST A TASTE...

· Wording has been simplified to make it easer to understand.

· Penalties have been significantly

        increased.

· The term ‘Property Manager ’ is now   defined in the Act.

· A number of forms will have a prescribed  content and only the  prescribed  content can be used.

· Contracting out of the provisions of the Act will be prohibited.

· Completing property condition reports will be mandatory.

· All residential  tenancy bonds will be lodged with the Department of

        Commerce.

· The repair of essential services will need to be arranged within 24 hours

· A nationally consistent approach to the     regulation of residential tenancy databases is introduced.

 

 

 
Text Box: V L Property Partners are starting their 3rd financial years Trading on 1st July, thank you very much to everybody who has shown faith in us, it means a great deal. We are intent on giving the best service possible to our owners, and think it is timely now to ask you for some feedback. How do you feel about emails? Do you prefer personal contact? I do, and would always choose to call a Client rather than Email, unless work practices don’t allow use of phones. Would you like more Sales information? Perhaps a current market appraisal of your Investment Property? Let us know Can you think of anything that would assist us to improve our services to you? We really want to know…Please get in touch, visit our new contact form on the website, or as I prefer Call….. Val - 0400740225 or Lynn - 0425566444

DOING OUR BIT FOR THE            ENVIRONMENT

 

As from the end of July we will be emailing statements to our Owners, unless we hear that it doesn't suit you.  If you prefer printed copies please let us know.  You also may be pleased to know that most  Tenants have agreed to all  communication by email.

*****

DE-MYSTIFYING THE CHANGES TO THE   RESIDENTIAL                   TENANCIES ACT

 

A fixed term Tenancy must be prepared on a prescribed form 1AA

It must state a start and finish date and the length of time a tenant has agreed to stay in the property.  Rent can only be increased during this time if the original lease states the amount and date of the increase and only after the first 6 months has expired.

Although a fixed term tenancy has an end date it does not automatically terminate on the end date unless either party provides the other with a minimum of 30 days notice of termination.

Following the expiry of the fixed term lease a new lease can be negotiated in this instance the rent can not increase under the new lease until 30 days into that renewal.  Alternatively, negotiations can begin 60 days prior to expiry and should a  rent increase be applied the agreed document must be received by the Agent 30 days prior to expiry for the increase to be applied at the beginning of the new lease.

 

Confusing… Absolutely! 

At VL Property Partners we have put systems and procedures in place to begin negotiations with our Owners and Tenants well ahead of time. 

   CHIT CHAT NEWSLETTER

             ISSUE SIX JULY 2013

      04007 40225

     www.vlpropertypartners.com.au