Securing The Right Tenant
We request all prospective tenants to inspect the property prior to submitting an application. We accompany all prospective tenants to view your property. Keys are not handed out to applicants to view alone.
We know it is important that we learn as much as possible about the prospective tenant.
Tenants are required to complete an Application for Tenancy, details of which are checked as thoroughly as possible by contacting previous landlords and rental agents, employers and personal referees.
Additionally, we check rental histories through a national rental database agency, TICA, which has a large database for cross-reference. The cost of accessing this database is covered in your management fee.
After the applicant’s suitability as a prospective tenant has been fully established, we will contact you to make a recommendation and receive your instructions on the leasing of your property. We follow and accept your instructions in relation to acceptance/non acceptance of prospective tenants. We will not sign the lease without your approval!
Tenancy Agreement – The Lease
Residential Tenancy Agreements are prepared together with our Lease Annexure. These agreements are standard agreements as provided by the Real Estate Institute of the Northern Territory. A detailed inventory including the condition of the chattels and a comprehensive condition report of the property is prepared prior to tenants taking occupation. Upon leasing of the property, copies of these reports are forwarded to you for your records. It is our recommendation that properties be offered on a six or twelve month lease basis, depending on specific circumstances and the time of year.
Note: We recommend that the Landlord undertake both pest control treatment and carpet steam cleaning as well as refilling any gas bottles (if applicable) prior to making their property available for the initial tenant occupation so that this standard can be maintained.
It is an Owner’s obligation to have adequate building, contents and legal liability insurance. It also makes good sense to protect your valuable assets against standard perils and also those unique to rental properties.
Carpets, curtains, blinds and light fittings are contents and are not covered under building insurance. If you have a strata title unit, legal liability for claims occurring inside your property are not covered by Body Corporate Insurance. Also, malicious damage, theft and payment of rent are not covered by standard insurance policies.
We have a specialised insurance policy available through Terri Scheer Insurance Brokers, which gives extensive cover over a range of situations unique to rental properties. The cost of this insurance is approx. $305.00 per annum. It is payable pro-rata to cover, giving more protection at a more economic cost, and it’s a tax-deductible expense.
We have enclosed a summary of cover on the following page and a copy of the policy wording is available on request.
We strongly recommend that you consider this protection for peace of mind. Please call our office to place cover.
We know how to feature the positive aspects of your property to attract enquiry. We draw applicants from a number of sources by using
Professional Photography, vivid for lease, open for inspections, rental lists, NT newspaper advertisements and prospective tenants already registered on our database, we keep in contact with many corporate/national companies.
The price of an overpriced property
Some points to consider in respect to an over-priced investment property. Placing your property on the rental market at a higher price than comparative properties, results in the property missing its market.
Prospective tenants for whom the home would be right won’t see it because it is out of their price range. Those tenants who are in the price range of the over-priced property will not see it as good value.
Property Inspections are carried 3-4 monthly, to ensure that tenants maintain the property in good order. These inspections keep you informed about the condition of your property and any problems that may have to be addressed in the future.
Repairs and maintenance
Tenants are instructed to contact our office to report all repairs and maintenance required.
Our staff can usually be contacted after hours through a mobile telephone service. Emergency contact numbers are provided on the lease for a plumber, electrician and locksmith.