AS THE LONG HOT SUMMER IS UPON US AND CHRISTMAS JUST AROUND THE CORNER TENANTS OFTEN START REQUESTING PERMISSION FOR A POOL
What happens next?
The Property Occupations Act (POA) Form 6 with REIQ's Pool Safety Annexure seeks the clients written instructions as per Item 3. Where there is a proposed lease of a property with no existing regulated pool and a proposal by a/the Tenant to erect a potable pool with a depth of 300mm or greater;
The Client permits the Tenant to have a portable pool at the property with a depth of 300mm or greater in accordance with the Relevant Legislation (as defined in Clause 1.8 of the Essential Terms and Conditions of the Agreement)
The client then has the opportunity to instruction either Yes or No and add Condition, if any.
Should the client give permission to the tenancy to install a portable pool the tenancy will then need to engage the a licensed pool Saftey Certificate upon completion of suitable pool fencing being erected and any other items or permission required prior to a safety certificate being issued.
The tenants are then responsible to maintaining the pool and ensure it complies at all times.
Contact Sandy today should you have any further questions or would like more information.
1300 778 283
Sandy enjoyed another day training this time with Stacey Holt - Real Estate Excellence.
Today we discussed the proposed RTRA Act Review, As per our previous emails to our valued clients we will continue to keep you updated throughout this process.
The key take aways and our main concerns from todays training are outlined below.
Removal of ending a tenancy “without grounds”, currently we are able to give the tenants 2 months notice to vacate at the end of their foxed term tenancy or at anytime during a periodic tenancy.
Concern ~ how will a landlord be able to give notice should they wish to move back into their own property? If a fixed term tenancy expires and the tenancy become periodic will you still be covered with your Landlords Insurance - we have been advised by many clients they are not covered if lease is periodic
Minor Modifications with a 7 day fast track approval process would include minor modifications to personalise or improve the amenity of the premises, minor water and energy efficiency modifications, connection of non-essential communication services ;
Concern ~ modifications could include fixing of fittings into shower recesses - will this affect water proofing, tiles cracking; tenants able to add fixtures and fittings, painting walls, hang window furnishings - how is this expected to be returned to the same condition as the commencement of tenancy and at what cost to the tenants
Increasing the value of emergency repairs that can be authorised by the tenant, currently this is equal to 2 weeks rent. The proposal is for this to increase to 4 weeks rent;
Concern ~ if you property is renting at $500 per week and the hot water system fails the tenant will have the power to spend $2000 without our knowledge on this emergency repair.
Allowing tenants the right to have pets the proposal does have provisions for either $250 pet bond OR carpet cleaning and pest control to be carried out however both options cannot be chosen on a single tenancy.
Concern ~ perhaps you have acreage property and do not want the tenants to have goats, horses or cows. Where will the line be drawn for what is classed as reasonable or unreasonable? What if the pets are outside only pets or additional pets are bought to the property
Minimum Housing Standards -
Weather proofing and structural soundness; will this mean building and pest reports are mandatory and if so what will there frequency be
IT IS IMPORTANT YOUR VOICE IS HEARD
Submissions can be made either by post, and or uploading to www.qld.gov.au/rentinginqld - the Government have said they are not accepting submission by the email they used last year.
Follow the above link, click the ‘Give Feedback’ box on the left hand side of the page this will take you through to the tabs “Written Submissions” or you may chose the “Give Feedback”
SUBMISSIONS CLOSE 21ST DECEMBER 2019!
We will be further emailing our clients tomorrow, if you are not a current client of Q State Properties and would like to be added to our contact list please email: firstname.lastname@example.org
I would like to take this opportunity to thank Stacey Holt and her company Real Estate Excellence for providing a very high quality service to their members.
Q State Properties has had the privilege of working with Trish Skeen, the Senior Mortgage Broker at George Financial Services. This month Trish has provided us with the following article regarding Self Managed Super Funds. With an Australian Credit Licence, extensive Small Business Experience and a wealth of knowledge in the finance industry, we welcome the article and encourage you to contact Trish with any questions you may have regarding this topic.
Individual Trustees or Corporate Trustees? How much do I need in my super fund?
It can be confusing knowing how to be prepared to buy your Investment Property or your Commercial Property.
Lenders are looking for a few things for your situation:
Your questions as a trustee may be:
Are you ready to discuss your situation? Please call 0403 211 361 to have a chat about your situation.
In the event you are not quite ready yet, we can create a plan and a timeline for your to help you achieve your financial goals, so please call or email your enquiry to email@example.com