Tag: Residential

“As you have asked for questions, i wonder if you can help me with the requirements for resigning a residential lease. If so, how should this be worded? Many thanks for your newsletter, it is always interesting and enlightening.” Answer: Thanks for your question, Do tenants need to sign a whole new lease, or just […]

There are some important differences between renovating an apartment and renovating a free standing property. Which part of the property is yours and which is not, what kind of approvals you need and how your neighbours are going to be impacted are all items to cover off if you want your project to be as […]

The ever elusive Australian dream is getting harder for everyday Aussies to reach. Statistics suggest that Aussies are becoming home owners at a later age and committing to higher house debt than the generations that went before. Many are forced out of the market completely by soaring property prices that are out of reach for […]

Whilst selling an investment Property that is tenanted can be more problematic than selling an empty house, it can be done if you follow a few simple rules. Be aware of the leasing rules in your state Notify your tenants the house is for sale Provide your tenants with appropriate notice of planned inspections. Be […]

If you have an elderly relative or friend coming to live with you, you might be wondering whether a formal agreement needs to be made, or if it’s easier to stick to a casual arrangement. While legal agreements might seem too formal amongst family, these important documents can help safeguard the interests of both the […]

It’s tempting to turn your spare room into a stream of extra income, and it’s pretty easy to do with tools like AirBnB. But don’t jump into this venture lightly because there are serious issues to consider. You don’t want to come unstuck and lose out in the long run, like this unlucky Canadian couple […]

The Western Australian Residential Tenancies Act 1987 has recently been reviewed and amended. Here is a list of the main changes due to come into effect as of 1 July, 2013. A new prescribed form (agreement) must be used for all residential tenancy agreements. All written residential tenancy agreements must be in a prescribed format […]

Purchasing property with another person or group is a great way to get into the property market and start investing. Whether you’re purchasing an investment property or in the market for your dream home, buying a property with others allows many people the opportunity to enter the property market who may otherwise not have had […]

Whoever said “Ignorance is bliss” was not referring to being a Landlord. Let me tell you why… I overheard a friend speaking to a lady, let’s call her Lisa, who was visibly upset because she had recently discovered that her tenants had not paid rent for over 4 months. Now you might be wondering how […]

If so, it may be affected by loose-fill asbestos which could mean you are unable to sell or rent your home or investment property in the future. Loose-fill asbestos was commonly used in the 1960’s and 70’s as a form of insulation. Asbestos is a hazardous material and the NSW government is considering options to […]