Do I Need Landlord Insurance?
As an investment property owner, protecting your investment is of the utmost importance. Having landlord insurance with the appropriate coverage is one way to do this. But what is landlord insurance and does it cover building insurance? Contents What is Landlord Insurance? Landlord insurance is designed to protect investment properties against an insured event that…Read More→
Periodic Lease NSW: Everything You Need to Know
A periodic lease is a month-to-month rental agreement that continues after the end of the fixed term agreement, until either the tenant or landlord of the rental property decides to terminate it. The rules around the minimum notice period required for ending a periodic tenancy vary from state to state, so its important to check…Read More→
Why You Should Regularly Review Your Landlord Insurance
“An investment property is a large asset, one that should see good Capital Growth and it should be adequately protected with Landlord Insurance. The increased value of the property should be reflected and considered at every insurance renewal to protect landlords in the event that it is needed,” says Team Leader – Compliance and Administration,…Read More→
What is a Property Management Agreement?
A property management agreement is a legal document that outlines the relationship between a property owner and a property management company. The property management contract sets out the terms and conditions for managing commercial or residential properties and the attached rental agreements, including management fees, the property manager’s duties, and the legal responsibilities of both…Read More→
Ensuring Safety Through Smoke Alarms in Rental Properties NSW
Safety takes centre stage in rentals, with smoke alarms playing an essential role in safeguarding occupants. Understanding the responsibilities of both landlords and tenants is essential to creating a secure living environment that complies with Australian Standards and the Building Code of Australia. Contents The Importance of Having Smoke Alarms in Rental Properties A working…Read More→
Who is Responsible for Pest Control When Renting
In New South Wales, pest control in rental properties is a common concern that can lead to disputes if responsibilities are not understood and communicated. When it comes to pest control, tenants are typically responsible for the eradication if the infestation occurs due to their activities or lack of cleaning. For instance, not disposing of…Read More→
How Much Land Tax is Charged on Investment Properties?
When you own investment property in New South Wales (NSW), it’s important to be aware of the land tax obligations that accompany your investment. Land tax is an annual tax levied on the owners of non-primary residence properties based on the total land value above a specific threshold. Understanding the annual thresholds and rates is…Read More→
How To Calculate Stamp Duty on a Commercial Property
A commercial property transaction includes unavoidable expenses, like stamp duty – a fee payable upon the purchase of property. Let’s start by looking at what stamp duty is, how it’s calculated, and any exemptions that might apply in Australia. Here’s everything you need to know. Contents Stamp Duty on a Commercial Property Stamp duty or…Read More→
Essential Guide to Insuring Commercial Property in Australia
Commercial properties, like any other asset, are subject to damage or risk. Any damage could result in major expenditure for repairs or may even cause other physical and financial losses for the business. To help companies assess and manage property risks, it’s best to invest in commercial property insurance. Different types of business insurance policies…Read More→
What Makes a Property Commercial? Look For These Signs
A commercial property is an attractive investment you can add to your real estate portfolio. It is important to state that rental yields in West Australia and NSW are much higher in the commercial real estate market – around 4% to 6% annually. The average retail rent of shopping malls in New South Wales was…Read More→
Understanding Property Management Fees
Property management fees are a crucial consideration for any property investor looking to maximise their investment returns while ensuring their property is professionally managed. Understanding these fees and what they cover is essential for making informed decisions about your investment property’s management. Contents Understanding Property Management Fees Investors often focus solely on the percentage-based management…Read More→
Connecting Electricity to a Rental Property
There is a long list of to-dos when moving into a rental property or preparing your investment for new tenants. One of the most important tasks you’ll need to tackle is connecting electricity to a rental property. Whether you’re a tenant settling into your new home or a property investor preparing your investment for renters,…Read More→