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Property Management FAQs

Frequently Asked Questions

When dealing with Property Management you must have a thorough understanding of the RESIDENTIAL TENANCIES ACT 1986. This is a highly specific aspect of real estate. It is fraught with the danger of litigation in almost every function you complete. 

A competent Property Manager continually increases their knowledge of insurance requirements, changes to legislation and industry trends to ensure all clients gain the highest level of service at all times.

Do you know about the Residential Tenancies Act in order to maintain a fair and professional relationship with your tenant? 

Yes, the tenant could sue you if you conduct yourself outside the Residential Tenancies Act! 

How much do you know about the tenant selection process? 

Asking the right questions and getting the right answers before you put someone in the property can save untold heartache and frustration, not to mention money. 

Have you lodged your tenants’ bond money in accordance with the Residential Tenancies Act? 

Did you realise if you have not you may be liable for a fine? 

Do you know the right procedure when dealing with rental payment arrears? 

Have the correct notices been issued and have enough days been allowed in the calculation of dates? If not, your notices may be totally invalid and you will have to start the procedure all over. 

Do you know enough about the Residential Tenancies Act to effectively represent yourself in the Tenancy Tribunal? 

The procedure must be precise. If you make mistakes it will cost you dearly. 

All good things must come to an end. Could you successfully terminate you tenancy and recover possession of your property without the need to go to the Tenancy Tribunal? 

Do you know the correct procedure, the right notices to issue and the correct time frames? Are your people skills effective in getting what you want? 

How much knowledge do you have with regards to the procedure when handling abandoned goods & absconding tenants? 

The Tenancy Tribunal has a range of procedures that must be followed dependant on what goods are left at the property. Additionally, if you enter the property when possession has not been given you could end up risking any compensation you may have been entitled to: not to mention any penalties that may be imposed due to the breach of the Residential Tenancies Act 1986. 

Would you be able to recover any outstanding debts? 

At what point do you go to the Tenancy Tribunal, how do you get the Bailiff involved, do you have Landlords Special Risk Insurance, will the national tenancy database assist in your debt recovery? 

Could you complete a Property Condition Report with enough detail to stand up in the Tenancy Tribunal if needed? 

If it is not a precise record then it may have little or no value if needed for evidence.