What is a Property Condition Report?
The Property Condition Report (PCR) is compiled at the commencement of a tenancy prior to the tenant moving into the property and outlines the condition of the property. The Final Bond Inspection is the last inspection carried out as soon as possible after the end of a tenancy, when the tenants have returned their keys. The Property Condition Report is used at this inspection and each item on the PCR is checked off to make certain that the property is in the same condition as when the tenant took possession. It is at this inspection that any items that need to be rectified by the tenant are identified.
What is a Routine Inspection?
Routine inspections are conducted after a tenant takes possession of the property. The first inspection is carried out six weeks after the tenant moves in and subsequent inspections are every three months thereafter. These inspections are essential to ensure that your property is being maintained to an acceptable standard and to identify any maintenance that may be required. The Property Manager emails the Landlord the Routine Inspection Report, including photographs of gardens and any maintenance or repairs.
What happens when a tenant stops paying rent?
When a tenant falls behind in their rental payments, they are initially contacted by phone with reminders. If they still do not make payment, they are issued with a Notice of Breach advising them that they are behind and requesting that they rectify the situation. If this is not done within the stipulated time period, a Termination Notice is issued requiring that they vacate the premises and make payment.
How do tenants pay their rent?
Tenants have several options to pay their rent, including internet banking through their chosen financial institution, direct debit from their nominated bank account or payment in-branch at a bank.
When is the rent money paid to the Landlord?
At the end of every month, monies held (unless instructed otherwise) are paid to the Landlord by way of direct debit to their nominated bank account. A statement is emailed at the same time outlining the debits and credits for that month. (Our office is happy to send a letter and cheque instead of electronic transfer and communication if requested).