A licensed Realtor in Australia is not required to independently verify the rightful owner/s of property before preparing lease documentation.
Sounds comforting.
:)
thank you for helping me.
There is no more questions now.

A licensed Realtor in Australia is not required to independently verify the rightful owner/s of property before preparing lease documentation.
Sounds comforting.
:)
お世話になりました。
現在、もう質問がありません。

Thank you Terry,
For No.3, are you saying that a licensed Realtor in Australia is:

a) not required to independently verify the owner/s of the property before leasing the property?
b) & that after verifying that there are multiple owner/s, that the Realtor can then go ahead and make a legally binding contract between only one owner & the tenant,…[Read more]

Thank you everyone for theses suggestions.
To Steve,
May I say, firstly Wow! Congratulations on what you have built.
I agree, the “Heads of Agreement” is absolutely vital. I’m beginning to note things down as I think of them so as to include them in the final draft. But yes, I will get it written by a lawyer.

To Terry,
1. Can I assume that above…[Read more]

Thank you hobartchic. Yes, of course selling is a option however a rental income stream is more attractive is more attractive for me if it can work. Understanding boundries & minimising wiggle room for possible deviants is my purpose for enquiry here.:)

Anyone know, What legal standing do i have in the event my brother decides to rent the…[Read more]

Dear Corey & TerryW,
Thank you both very much for your responses.
The property manager here seems to be key in all our opinions.
I will ensure that the contract between landlord & property manager clearly states that all payments to landlords must be split into 2 separate bank a/cs.

Good point also about property running expenses a/c. I can…[Read more]