Wear and Tear, when is it and when is it not?

This is possibly the most contentious issue in property management. What constitutes fair wear and tear vs damage in a residential tenancy lease? Unfortunately, the law doesn’t provide a clear cut explanation as to what fair wear and tear entails. Common sense is needed when determining the grey areas of tenancy law. It’s not surprising … Continue reading

Getting your property ready to rent out

It is important to get your property cleaned and in a good state of repair ready for your new tenancy. Here are some things you need to think about when getting it ready. Presentation Prospective tenants are the same as prospective buyers – they’ll be more attracted to a well-presented property. This also ensures you … Continue reading

Tenancy Inventory and Condition Report Tips

An Inventory and Condition report (ICR) records the condition of the property at the start of the tenancy. It is important that property manager or owner provide a detailed report to the tenants at the beginning of the tenancy. It is equally important that tenants review and return this with their comments within 14 days.  Failure … Continue reading

Land Tax Shock in Canberra for Investors

If you own an investment unit in Canberra you may experience a big shock when you receive this quarters land tax bill for your rental property. We have just processed some of our owners invoices for payment and my jaw dropped at the large hike. On one small apartment, it has increased from one quarter to the next by … Continue reading