Landlord insurance is a great safety net when something goes wrong.
However, to make sure your insurance is valid, and you are able to
maximise your return when it comes to making a claim, landlords and property
managers need to make sure they are following the right processes.
This means, as soon as your tenant breaks the rules, a breach notice should
be issued to ensure you are on top of the situation.
For example
These are the steps you should take in Western Australia when your
tenant is one day behind in rent…
Step one: Promptly
issue a breach notice on day one of the arrears, giving the tenant the required 14
days to catch up on payments.
Step two: If the
tenant catches up on payments, great! No more steps are needed. If not, and the
tenant refuses to pay the outstanding cash within the timeframe, you can issue
a notice of termination, requiring the tenant to vacate the home within seven
days.
RealRenta has all the tools that a property manager
has, but at over ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a
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out
Jason Gwerder
Thursday, 27 May 2021
