People seem to think there is a high risk of animals causing damage in rentals – a key reason landlords say ‘no’ to pets. However, the truth is, more damage is caused by a human than a pet. And, with laws changing across Australia to allow for more open and honest communication about renting with…
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The tenancy regulatory landscape is constantly evolving – and it’s important that landlords and agents keep on top of changes to ensure that they meet their obligations. Of course, meeting legal obligations is a condition of landlord insurance coverage. Changes to legislation can also have a flow-on effect on landlord insurance, so that’s why we’re…
Property repairs and maintenance are a leading cause of argy-bargy between landlords and tenants (and not a lot of fun for the property manager in the middle). Why? Because often the parties are unclear who is responsible for what. Ask landlords, tenants and property managers what is the number one bone of contention at a…
It’s a simple question a lot of landlords ask. But the answer is a bit more complex. Read on to find out why. Landlord insurance is all about protecting owners from the unique risks they face when leasing their investment property. In general, the insurance can cover the property itself and/or its contents from a…
Thinking of canceling your landlord insurance policy? Read this first! There’s no denying that the cost of living is on the rise – groceries, petrol, utilities. The cost of managing your rental may also be increasing – with interest rates rising, escalating prices for goods and services impacting routine maintenance and repairs, higher council rates,…
We all know factors like vacancy rates, rent prices, interest rates and other trends directly impact the investment property market. But you may not realise these can also affect landlord insurance. Let us explain… There’s no shortage of news articles and data about Australian property. While providing a snapshot of the investment market, these figures…
Can a tenant sue an agent or landlord for negligence? In a word – yes. Negligence. It’s a word that doesn’t have a nice ring to it. It’s kind of ominous – and for good reason. If a tenant is using the words ‘negligence’ or ‘negligent’ when referring to their landlord or property manager, they…
Does the type of lease agreement impact insurance cover? Yes, it can do! We explain… But first, let’s delve into the differences between the two main types of lease agreements – fixed-term and periodic. Fixed-term tenancies A fixed-term tenancy has a specific start and finish date. Once the fixed-term ends, you and your tenant can…
Before starting a tenancy, the property must be safe, secure, reasonably clean, and reasonably fit to live in. Is that it? No! These are just the fundamentals. The legislation goes much deeper into the minimum standards of rental properties and landlords and agents must adhere to them… or they may end up in hot water….
With bushfire season starting across much of the nation, it’s time to prepare rental properties and check they are adequately insured. Bushfire. Just a mere mention of the word strikes fear in the hearts and minds of most Australians and none more so than those living in bushfire-prone areas. The risk of bushfire is ever-present…