What we have found is that taking on these basic, inexpensive improvements, will help your property stand out from the crowd in a difficult market if you decide to rent it out or sell.
In recent years, our State Governments have set up more residential tenancy authorities to assist with the rights of both the landlord and the tenant.
When it comes to repairs, you will need to respond to urgent repairs without delay.
If you do nothing, your tenant has the right to order for these repairs to be done up to the value of $1000 at your expense.
Non-urgent repairs must be done within 14 days, but I would recommend you do it ASAP. If non-urgent repairs are not looked after, your tenant may apply to the Tribunal for an inspection and subsequent report.
After 60 days, the tenant can apply to the Tribunal for a repair order. Sounds like good motivation to stay involved!
Even though they may feel like it, legislation prevents tenants from withholding rent while waiting for repairs to be done.
What are the Landlord’s Responsibilities?
They are simply summarised as follows:
- Undertaking repairs to ensure properties are safe, secure, clean and fit to live in
- Maintaining properties in reasonable repair
What are the Tenant’s Responsibilities?
They can be summarised as follows:
- Keeping the premises clean
- Any damage caused by him/her, members of his/her household or people he/she allows on the premises
- Notifying the Agent of any damage ASAP and doing what they can to avoid any further damage
- Leaving the premises in the same condition (as set out in the property condition report completed at sign-up) at the end of his/her tenancy, excepting reasonable wear and tear.
- When a property gets damaged, such as in a natural event like a storm or fire, or an unsafe situation arises, such as a large overhanging tree limb that may pose a danger, the tenant should ensure his/her personal safety.
The tenant should do what he/she can to avoid further damage and contact us to organise repairs.
To prevent all of this getting this far we have provided you Lifespan Property Guidelines.
Lifespan Property Maintenance Guidelines
- Painting (internal) – 5 years
- Painting (exterior) – varying
- Hot water system – every 7 years
- Oven – every 10 years
- Bathroom renovation – every 20 years
- Kitchen renovation – 10 – 15 years
- Replacing floor coverings including carpets – every 7–10 years
- If the property has a smoke alarm, ensure it is working – have it checked annually.
- For houses – structural checks including safety of balconies, verandas and roofs – annually
- Clean gutters – check annually
- Pest inspections – check annually
- Swimming pool – check filtration equipment – annually
- Electrical wiring – check every 2–3 years
Subscribe & don’t miss a single episode of michael yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to michael yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.