As the landlord, you have the right to request rent
on a weekly, fortnightly, or monthly basis. With both the bond and rental
payments received, you should provide detailed and signed receipts stating the
date, amount received, property address, name of the tenant, and duration for which
it has been paid.
One of the keys is to ensure you have the best
tenants in your properties who have the financial capability to pay the rent as
well as the desire to look after your property well.
Successful tenant selection is something RealRenta
can help you with by doing a tenant check.
RealRenta can also help you with all the necessary
paperwork and following up if the tenant does not pay their rent on time.
As a landlord, you have the right to expect that
the rent for your property to be paid by the due date in the way that was
agreed on the lease.
While the legislation does vary across the country,
if tenants have not paid their rent by the due date, they are considered to be
in "arrears”.
If they are more than 14 days in arrears, then
landlords have the right to issue the tenants with the relevant notices to vacate.
Landlords need to keep in mind that if their
tenants do not pay their rent or are late paying their rent, that the mortgage still needs to be paid, which always remains the landlord’s
responsibility and should be budgeted for accordingly.
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 week to manage your rental property
RealRenta also has a
free vision, so why not check it out
Jason Gwerder
Friday, 12 February 2021
