Does the property comply with current regulations and laws ?
As legislation and compliance continue to have greater influence on a landlord ' s obligations it ’ s crucial to ensure that the right boxes are ticked before a tenancy is even in place .
Landlords must consider not only their requirements in relation to the state of the property , but also the detailed reporting that is now needed in every tenancy agreement to prove that it complies .
Before possession of the property is granted and a tenancy is signed , landlords need to be compliant in a number of areas in order to prevent unnecessary fines , or delays in a tenancy starting . These issues can include , but are not limited to :
• Insulation
• Smoke Alarms
• Healthy Homes Standards
• Heating
• Insulation
• Ventilation
• Moisture and drainage
• Draught stopping
• Landlord Insurance
• Methamphetamine
• Building Code and Council Consents
We recommend landlords consider speaking with a Ray White property manager before looking to purchase any new investment property , or if you are thinking of bringing one to us to manage .
Early communication can help us to assist you in preventing delays around important requirements - especially as these delays will only lead to excess costs and reduced rental returns for your property .
For greater detail on the legislation and compliance issues affecting a rental property , we recommend landlords view the ‘ Property Management Legislation ’ section on page 19 .
You can also request a copy of our free ‘ Landlord Compliance Checklist & Best Practice Guide ’ from your Ray White property manager , designed to help you assess your current situation .
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