Property Investor Instructions

Transcription

1 Property Investor Instructions

2 I say there... Be a good sport and fill out the form to the end, include everything. Dot the i s and cross the t s... Use this checklist Completely fill in all the fields. Include all relevant information and references. Supply a copy of your Rates Notice. Sign the Management Authority. Sign the Fee Schedule Annexure. Sign the smoke alarm instruction form. Information Your information will be stored securely and will be maintained in accordance with the relevant Privacy Laws and Legislation governing our Industry. Your instructions are imperative to the successful management of your property, and all information you provide is actively used during the management of your Investment. Whether your property is currently tenanted or we are securing great tenants for you, we assure that the process will involve communication and an honest, diligent approach to maintaining your Investment property. Let us know if Landlord insurance is required. Sign and date the application form.

3 Property Investor information form for awesome people who like to invest. PROPERTY DETAILS Property Address: Names on Title: Owner Mailing Address: 1ST CONTACT ACN/ABN: Post Code: 2ND CONTACT Mr Ms Miss Mrs Other Mr Ms Miss Mrs Other Family/Last Name: Other Names: Home Phone: Mobile Phone: Bus Phone: Family/Last Name: Other Names: Home Phone: Mobile Phone: Family/Last Name: Name on Account: Other Names: Bank Name: Home Phone: Mobile Phone: Bus Phone: BSB: Account Number: Special Instructions: Bus Phone: Emergency Contact Banking Instructions (for the payment of Rental Income) Please note that a contact other than the Owners of the rental property is required as an alternate source of instruction in the event of an emergency where the Owners can not be contacted. Posted Branch Location: or ed to Contact 1 Contact 2 Building & Contents Insurance Property Outgoings & Disbursement Instructions Insurer: Building Policy No: Contents Policy No: Public Liability Policy No: Landlord Protection Insurance Insurer: Policy No: Owners Corporation Company: Contact: Plan no: Car Space: Yes No Repairs & Maintenance Phone: How many: It is a requirement of the Residential Tenancies Act 1997 that all tenants are provided with a statement detailing whether or not the Agent can carry out urgent repairs on behalf of the Owner and if so, up to what amount. The monetary limit for urgent repairs that can be directly organised by the tenant is $1, should the Owner or Agent fail to do so within a timely manner. If unable to be contacted, please spend up to $ for NON URGENT repairs. * Please attach a list of preferred Trades people if appropriate Leasing at Vacancy If you wish to lease the property for a fixed term only, we require your specific instructions. Fixed Term Lease only: Yes No can arrange to pay all outgoings such as Council Rates, Water Rates, Owners Corporation Fees, Landlords Insurance, Building Insurance etc. from the Rental Income. This enables us to provide you with a comprehensive Income & Expenditure Statement for tax accounting purposes. Please advise if you would like this to be arranged: Council Rates: Yes No Council: Water & Sewerage Rates: Yes No Authority: Owners Corporation: Yes No Building Insurance: Yes No Landlord Insurance: Yes No Please note that Council Offices & Water Authorities do not re-issue previously issued rates notices. If you have received a notice prior to this instruction please make the payment direct as per the rates notice. Our office endeavours to assist tenants in connecting and disconnecting utilities at the property. If you have received any accounts that are the tenants responsibility, forward them to our office as soon as possible for adjustment. does not take responsibility to connect & disconnect any utilities at the property. Indemnity I agree to indemnify you as the Managing Agents for any claims for unpaid repairs or maintenance accounts authorized in accordance with my instructions. Bond Claim Authorisation I authorise Pty Ltd to make claims on my/our behalf for the return of bond monies, repairs, maintenance, cleaning etc. as may be required. I understand the above, let s get going... Owner Name: Owner Signature: Owner Name: Owner Signature: 6mths 12mths 24mths Other:

4 Useful information Rental Payments & Arrears The rent is due to be paid by the Tenant/s into the Village Real Estate Pty Ltd Rental Trust Account on the date the rent falls due and payable. To allow for processing of cheques, electronic transfers etc., the transfer from the Trust Account to you make take up to three (3) days. Whilst the vast majority of tenants pay their rent on or close to the due date, there are occasions when this does not occur. Our procedure regarding rent arrears is as follows: 2 Days Overdue: A reminder notice is sent to the tenant (either by phone, or text) 3 Days Overdue: A reminder notice is sent to the tenant (either by phone, or text) 5 Days Overdue: A reminder notice is sent to the tenant (either by phone, or text) 7 Days Overdue: The tenant is advised in writing that if payment is not made within 7 days, a 14 day notice to vacate will be served, and an application to VCAT made. 10 Days Overdue: Phone call to the tenant to explain again the 14 day Notice procedure if rent is not received. 15 Days Overdue: Notice to Vacate is served. 18 Days Overdue: Application is made to VCAT for a Warrant of Possession upon Landlords Instructions. These actions are carried out automatically and are done in accordance with the Residential Tenancies Act to minimize the possibility of financial loss. No formal action for recovery of rent can be undertaken until the tenant is 14 Full days in arrears. Residential Tenancies Tribunal Charges (VCAT) VCAT Application: $44.90 Obtaining a Warrant of Possession: $ VCAT Attendance: $ Note: fees are subject to change without notice. Agents Authority The Authority to lease and manage your property included with this document authorises us to sign all tenancy agreements on your behalf. Furthermore, we will sign the Bond Lodgement Form on your behalf prior to lodging it with the Residential Tenancies Bond Authority. By signing this instruction form, you are authorising us to select tenants, to collect rents due, issue receipts for all money collected, exercise your right to terminate tenancy agreements and tenancies in accordance with the provisions of the Residential Tenancies Act, serve relevant notices upon tenants subject to the Act and attend Tribunal hearings on your behalf wherever necessary. Residential Tenancies Act 1997 The Act, which came into operation on 1 July 1998 has changed in many aspects in relation to the legislation governing residential tenancies. The following is only a summary of those changes and we strongly recommend that if you require any further information on any of the areas listed, please contact our office. Jurisdictional limit of the Residential Tenancies Tribunal The maximum jurisdiction limit for the Residential Tenancies Tribunal is $10,000. The tribunal may only hear and determine an application or make a determination in respect of a higher amount if both parties to the application agree so. Rental Arrears The legislation has developed an alternative method for gaining possession of a property if the tenant is in arrears with rent. When the tenant is over 14 days in arrears, an application is made to the Tribunal and a 14 day Notice to Vacate is served by registered post upon the tenant. This notice must contain objection forms which if not received by the Tribunal form the Tenant prior to the Notice expiring, the matter will be determined by the Member and an Order made for Warrant of Possession. Rent Increase 60 days Notice is required to be given to the tenant of a rent increase. A rent increase cannot be implemented during a fixed term tenancy period unless otherwise stated in the Lease Agreement. Whilst it is not required by legislation, it is our recommendation that this notice is served by registered post as proof of service. However, with every notice, of an increase in the rent, the tenant must be advised of their rights regarding excessive rent increases. Access to Property Access to the property is limited so as to allow the tenant s peaceful and private enjoyment of the property. However access can be gained during periods of maintenance, routine inspections or following the issue of a Notice of Entry for specific reasons as set out in the Act. Please note that upon the Tenant providing the required 28 days notice to vacate the property, access can only be gained during the last 14 days of the tenancy. Bonds The Residential Tenancy Bon Authority (RTBA) administers all tenants bonds paid on residential properties. The only way a bond can be recovered from the Authority is by: An application signed jointly by the tenant and the lanlord (or agent) A Order of the Tribunal A court Order In the vast majority of cases, recovery will be automatic as most tenants fully meet their obligations.

5 PROPERTY DETAILS Property Address: Post Code: Names on Title: Owner Mailing Address: ACN/ABN: Disbursement Instructions Water Rates I Authorise: 80 Charles Street Seddon VIC 3011 To receive rates notices for this property. Owners Name: 20 Hall Street Newport VIC 3015 Signature: Disbursement Instructions Council Rates I Authorise: 80 Charles Street Seddon VIC 3011 To receive rates notices for this property. Owners Name: 20 Hall Street Newport VIC 3015 Signature: Disbursement Instructions Council Rates (Other) I Authorise: 80 Charles Street Seddon VIC 3011 To receive rates notices for this property. Owners Name: 20 Hall Street Newport VIC 3015 Signature:

6 80 Charles Street, Seddon 3011 Office (03) Fax (03) villagere.com.au 20 Hall Street, Newport 3015 Office (03) Fax (03) facebook.com/villagere