May

Unfair Requests | Contracting Outside The Act
By DFJ Real Estate

1/05/2023 12:08pm

Managing and renting investment properties can be a challenging experience, particularly during these times of economic uncertainty, with rising interest rates and rents adding additional pressures for all parties involved.

As your managing agent, it is our focus and responsibility to ensure that we foster a positive and balanced relationship to maximise your income, minimise your stress, and optimise your capital growth while, at the same time, treating your tenants with respect, fairness, and taking into consideration their quiet enjoyment of the property.

It's important to remember that all parties have legal responsibilities and obligations to act within the requirements of the legislation.

We want to remind you of some essential aspects of the legislation to ensure that no one breaches the Act, which can result in significant fines.

  • If you plan to increase the rent, we must give the correct notice period in the prescribed format, or the increased amount will be void.
  • We cannot ask the tenant to pay more than the prescribed rent in advance or exceed the legislated amount of bond that can be collected.
  • We must give notice in the prescribed format before entering a rental property.
  • When selling a tenanted property, we must adhere to the legislation requirements.
  • If an inclusion within the property breaks down, it must be replaced, and if it's removed, the tenant may be entitled to compensation.
  • We cannot ask the tenant to give more than the prescribed amount of notice to vacate the property.
As your managing agent, you can be confident that we always act in your best interests to safeguard you and your investment. We are here to assist and support you with any questions or situations that may arise during the tenancy.