— TO FIX OR NOT TO FIX?
Security is the long standing
argument for having a fixed
term tenancy agreement in
place but there is more at
risk for owners than just the Conversely, Christmas is the
worst time of the year for the
rent coming in. In this issue
property to become vacant as
of Espresso we look at the a majority of the market will
three most important points be on holidays or not in a
to consider when setting financial position to make a
tenancy terms. change. If the lease ends at
this time you could be exposed
Start and end dates to uncomfortable periods of
The period with the highest vacancy.
demand is the beginning of the
The solution is to end a fixed
calendar year before school
term tenancy agreement in
and university starts. For an late January so if the tenant
owner this can mean elevated does vacate the property, the
rent and a choice in tenants. market is in your favour.
Remember, fixed term tenancy
How long has it been since
agreements do not have to be
you checked the light bulbs in
six or twelve months, they can
your investment property or start >>
your own home? Energy
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efficient light bulbs last six Ketchup was once used as a medicine in
the United States. In the 1830's it was sold
times as long and are therefore
as Dr. Miles Compound Extract of Tomato.
six times more energy efficient
than the old incandescent
<< and end when it suits The tenant might say, “we‟re
the owner. vacating due to the increase in
rent”, they may agree to
Validity of insurance
renew the fixed period, they
You may have a landlord
may attempt to negotiate.
insurance policy, but did you
Whatever the outcome, you
know that with most policies,
have all the information to
you will only be covered for
make the decisions that work
rent default relating to a
best for you.
tenant absconding if the
tenancy agreement is fixed? Sure you can increase the rent
That‟s right. Without a fixed on a periodic lease but when
Kulbinder Singh term agreement in place, your will you remember to do this
Your Personal Marketing Expert insurance premium is probably again? At least the fixed term
Being auctioned off for charity
wasted and you are at risk. keeps you to a schedule for the
at a conference
Make sure you check this point investment.
My ideal tenant in your policy and if you find
I know what you‟re thinking - a
One who works with us to get that you are not adequately
fixed term tenancy might still
the best for everyone protected, it‟s time to do
make it hard to increase the
concerned. something about it.
rent, but the opposite is true.
Increased rental yields A smart negotiation includes a
My favourite restaurant
Prior to the end of the fixed rent increase at a pre-
Wasabi Japanese restaurant
term is the perfect time for an determined date during the
What I love about Brisbane inspection of the property and fixed term. The tenant still
The coffee, the food and the to make sure you would like to needs written notice, however
multicultural vibe. keep the current tenants. It is the legislation does allow for
also the time to consider a an increase, as long as it is
LJ Gilland Real Estate rent increase. Put the offer to written into the terms at the
PO Box 19 the tenant in advance of the commencement of the tenancy
Zillmere 4034 fixed period ending and seek agreement.
T 07 3263 6085 their intentions.
If your property is a wealth
Following this strategy gives an tool yet your tenants are not
owner all the options. currently on a fixed term
lease, perhaps now is the time
to ask whether a periodic
tenancy is really in your best
interests for growth.
Go online for inspiration! The latest online statistics released
in Australia support what many of us know already – that
approximately 70% of purchase decisions are researched
online first. So in celebration of this trend to better
information gathering I have put together a selection of some
of the best property, business and lifestyle destinations on
Australian Property Investor has it all, from trends and market hotspots to
renovation case studies and financial articles. An essential bookmark for property
Compare the energy efficiency of appliances in your home or investment property
with this comprehensive government resource.
Stay on top of the latest issues that influence small to medium businesses in
Australia. Smart Company is full of news, views and an incredible array
of resources for successful business life.
This home lifestyle website lives up to it‟s tag line of „Grow. Create.
Decorate.‟ with a gorgeous site that packs in great food and gardening ideas, a
design gallery and the all important competition section.
I hope you enjoy browsing these websites and look out next issue
for our new „Hot Sites‟ feature corner.
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Whilst every effort has been made to ensure the accuracy and completeness of the
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