Property investment remains one of the best ways to
create wealth but success depends on much more than just property selection and
location.
You see…property investment also involves
people – namely landlords (that’s you) and tenants.
Throughout the residential tenancy, you as the
landlord have various responsibilities which must be upheld.
Across the country, there is state-specific
legislation that protects landlord rights as well as the tenants.
As this legislation is often amended, especially at times of tighter rental markets, it’s imperative that landlords
understand what their responsibilities are as investment property owners, as they are obligated to abide by state law.
This article will help all landlords better
understand their tenant’s responsibilities as well as their own landlord rights
when it comes to collecting, holding, and returning a bond, collecting rent,
increasing rent, entering their property, maintenance, repairs, and ending a
tenancy.
How do you choose a
tenant?
As a landlord, you have the right to choose the
tenant, you consider the most suitable for your property but under the Equal Opportunity Act you must not discriminate against any of the applicants
based on their:
- Gender
- Age
- Race
- Religion
- Marital status
- Sexuality
- Having children
- Pregnancy
- Mental illness
- Disabilities
- or a whole host of other discriminatory reasons.
If you do, you could be liable to pay damages or
fines.
article source: https://propertyupdate.com.au/
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Jason Gwerder
Wednesday, 10 February 2021
