Landlord Rights and Responsibilities – The Rent

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

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