Hey guys,
My dad wants to get rid of his rental manager so he can manage the property himself.
The tenant signed a 12 month lease about 2 months ago.
How much notice does he need to give the real estate and will he need to draw up a lease with the tenant?
Is there anything else he needs to be aware of?
Thanks
Ryan
Ryan McLean | On Property
http://onproperty.com.au
Email MeNeed to check out your agreement with them – it contains all that info.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Personally, if the rental manage is doing an alright job then I would keep them. I think people under estimate the amount of work required and the savings you can make off jobs such as maintenance etc (I probably saved $2000+ on replacing the hot water, oven etc). I also tend to consider my time to be of greater value than what I pay to my rental managers.
Having said that, if they haven’t breached their agreement then you just need to check what the agreement states about cancellation and follow that. Mine are all 4 weeks notice.
I’m not 100% sure about signing a new lease, but I would ‘hope’ that it would transfer as the RE agent is acting on your behalf, so it should transfer. But I don’t know for sure.
I am curious to know why your father wants to self manage.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
