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The Leasing Process
 

Blue Pacific Property provides the processes and procedures for a smooth and efficient property management operation. We comply with all the legislative requirements in NSW and have regular compliance audits. We seek continued training to ensure we stay abreast of changes and advancements in the industry.

Overview of our leasing process and services

•  Evaluate the property and advise you of any improvements which will maximise the immediate and long term return on your investment.

•  Determine the appropriate rent for your investment property and your area to ensure your property is rented quickly and at a rental which maximises your overall return.

•  Advertise your property with appropriate dialogue to attract the best tenants, using sign board advertising at the property, numerous online advertising web sites including Real Estate.com.au or Domain.com.au and Blue Pacific Property, and advertising in local papers as necessary.

•  Contact all prospective tenants on the Blue Pacific Property Data base.

•  Prospective tenants are shown through your property by a Licensed Real Estate Agent. Our staff will use this time to get to know any prospective tenants and their expectations as a tenant and also give them an understanding of what we require from them as their manager.

•  All references and information is checked including previous rental history and employment history. We also make a tenant data base check (TICA). With your approval we make a selection of the best applicant.

•  Negotiate and prepare the Tenancy Agreement, including any special conditions.

•  Supply required statutory documentation and inform the new tenants of their rights and obligations under the leasing agreement.

•  Lease signed by both parties.

•  Initial Rent and Bond payments received and bond monies and Bond Form submitted to the Dept of Fair Trading.

•  Inspect premises and prepare Ingoing condition Report.

•  Inform Tenant of their obligations under the Residential Tenancies Act 1987.

•  Manage Collection of Rent and managing any arrears with strict adherence to the Residential Tenancies Act 1987 to ensure arrears are addressed at the soonest possible time.

•  Through comprehensive routine inspection (three monthly then six monthly thereafter) ensure the property is well maintained and is safe and secure and provide a comprehensive report to landlord.

•  Arrange for the various maintenance requirements as required checking all contractor insurances and licenses are current, and consulting the landlord prior to commencement for approval.

•  Maintain all financial records as required and report and transfer net rental income to the landlord monthly.

•  Review and negotiate rent reviews and tenancy renewals as required.

•  Completion of the outgoing inspection report.

•  Manage the termination process ensuring the tenant has completed all their requirements under the terms of the lease, attending to the release of the Bond adjusting for any outstanding expenses or pursuing any dispute through the CTTT, compiling case and presenting as required under the CTTT Act 2001.

•  Maintaining open communication at all times with landlord, tenant and third parties to ensure a highly organised and efficient property management process.

renting information

Blue Pacific Property prides itself on attention to detail and doing those little things which ultimately elevates us above our competitors.

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