As life begins to revert back to ‘normal’, post-pandemic, we are starting to slowly see the rental market tighten up again.

With low vacancy rates and high demand for rentals in Perth, it is important for landlords to familiarise themselves with their rights and responsibilities.

Today, we are discussing our advice on how to rent your property in a tight market.

Putting your property on the rental market:

It is advisable that you place your property for a fixed price. Not listing a price, or advertising a property with a rental range is not only not recommended, but it is also a breach of law. Rental applicants can offer more than the asking price, but landlords should not actively request applicants to offer more than the advertised price,

 

Prior to the new tenancy:

Inspect the property in-person before signing any tenancy agreements with your new tenant. If the tenant is unable to make it to a face-to-face, then organise a video inspection, Once the tenancy is formalised, it is imperative for both parties to complete an entry condition report. This records the condition of the property before rent commences.

 

Renewing the tenancy:

If you are at the end of the fixed-term tenancy, you have three real options. You can decide there is no new agreement. Secondly, you can opt for no changes to the current agreement. Finally, you can choose to make changes to the agreement. At the end of the term, the landlord and their property manager are welcome to increase the lease, provided it has been six months since the last rental increase.

 

Terminating or ending a tenancy:

A tenant needs to leave an occupied property in the same way they found it. Of course, wear-and-tear is normal, however, it is the tenant’s responsibility to cover any damages caused during their time in the home. At the end of the tenancy, the landlord should complete an existing property condition report. This is then compared to the entry property condition report. We recommend photos are taken to have a proper visual comparison.

 

Go with ProProperty Group for your property manager in Perth needs

 

ProProperty Group is the brainchild of Nick Sworder and Christopher Tana. Both are driven individuals that share a similar vision for the future of Perth Real Estate – namely one full of energy, life and passion!

From residential and commercial properties to property management, Projects, land sales, house-and-land packages, and sub-divisions, Pro Property Group covers it all when it comes to handling Real Estate matters in Perth and surrounding areas. We can confidently provide you with a fair and reasonable market appraisal with the intention of achieving the highest level of return for your property – it’s that easy!

 

Are you ready to place your home on the rental market? Chat to our team about leasing your property today.