First National Real Estate

must be prepared to look after their own repairs, do their own cleaning, collection of rent, preparation of Leases/Tenancy Agreements etc. In addition, they are required to: • Ensure the premises are clean/ secure and fit for occupation at the beginning of the tenancy; • Ensure that all repairs are completed by licensed tradesmen to appropriate standards • Ensure all appliances and facilities are in good working order and safe, and • Be available to arrange urgent or essential repairs or reimburse the tenant for same. It is vital that all landlords who manage their own property are completely familiar with the legislation in their state that governs residential or commercial tenancy. Frequent changes to Acts of Parliament in each state mean changes to the way the property must be managed. Many changes affect administrative duties like record keeping, receipts, access notices for inspections, inspection sheets,Tribunal hearings, bond lodgement/refunds. Landlords who engage an agent to professionally manage their investment are not required to stay abreast of changes to Acts of Parliament – this responsibility passes to the agent. PROPERTY MANAGEMENT GUIDE 15