This newsletter has been designed to keep you updated on what is happening within the industry and our real estate office

1. LICK HERE to insert your office logo and contact details JANUARY 2014
PROPERTY INVESTOR NEWSLETTER
02 4997 0634
This newsletter has been designed to keep you updated on what is happening within the industry and our real estate office
FROM OUR PROPERTY
MANAGEMENT TEAM
HAPPY NEW YEAR
TENANTS BREAKING
THEIR AGREEMENTS
ARE ON THE RISE…
During the past 12 months we
have noticed a change in the
number of tenants wanting to
break their Tenancy Agreement.
1.
If a tenant requests to break their
agreement
there
are
responsibilities and obligations
that must be fulfilled by the tenant.
This is predominately due to the
economy.
Some reasons that
tenants are requesting to break
their Agreement are due to:
The tenant is responsible for:
•
•
New Year is the time to
visit our relatives and
friends
Wishing you a New Year
with fun and party
With relatives and friends
Happy New Year
Tenants being relocated for
employment
Loss
of
employment
placing the tenant in
financial hardship
•
Personal or family issues
Just to a name a few
When
a
tenant
signs an
Agreement it is binding (in most
circumstances) for the term of the
agreement i.e. 6-12 months.
However, legislation does provide
a tenant with the option to break
their Agreement by stating that “A
landlord cannot unreasonably
refuse a tenant to break their
Agreement”.
•
The payment of rent until
another tenant is found
•
The payment of reasonable
letting costs in securing a
new tenant
•
The payment of marketing
and advertising costs in
securing a new tenant
•
Any other compensation
required for breaking their
agreement
Once we are notified of the tenant
request it is important for our
agency to carefully manage the
process to avoid potential risk
situations
of
the
property
becoming vacant with no tenant.
It needs to be clearly stated in
writing to the current tenant that
their request to break the
Agreement
…CONTINUED OVER >
IN THIS ISSUE
IMPORTANT: This is not advice. Clients should not
act solely on the basis of the material contained in
this newsletter. Items herein are general comments
only and do not constitute or convey advice per se.
Every effort is made to ensure the contents are
accurate at the time of publication. Clients should
seek their own independent professional advice
before making any decision or taking action. We take
no responsibility for any subsequent action that may
arise from the use of this newsletter. Published by
THE PPM GROUP - www.ppmsystem.com
• Tenants breaking their
agreements are on the rise
• Rent arrears update
• Q & A Land tax
• Empty houses hard to sell
• Properties recently rented & sold

2. will not be authorised or their
obligation under the Agreement
released until the new incoming
tenant/s
have
signed
an
enforceable Agreement and paid
ALL monies (rent and bond) in
advance and in cleared funds.
There have been situations in the
past where a current tenant has
been
released
from
their
Agreement and the new incoming
tenant has changed their mind
with no bond security paid.
When managing every process of
the tenancy our focus is always to
protect your investment, maximise
your income and optimise capital
growth.
If a tenant does request to break
their Agreement our property
management team will discuss this
promptly with you.
RENT ARREARS UPDATE
Q & A – LAND TAX
Q. Can you claim land tax as a tax
deduction and are there any good
strategies for property investors to
minimise land tax?
A.
Provided the property is
producing income you can claim
the land tax as a tax deduction. It
is a State tax, therefore can be
minimised
by
holding
your
investment properties in various
States.
1 Penn Drive, Tea Gardens
$329,000
CONNECT WTH US
Just search Dowling Real Estate
Tea Gardens / Hawks Nest
Properties Recently Rented!
Keeping you updated on the local
rental market
HOUSES
3 Coolabah Close, Tea Gardens
40 Moira Parade, Hawks Nest
It is that time of the year again
when we find some tenants in a
rent arrears ‘catch up’ period after
the holidays and Christmas time.
As much as we try to educate the
tenants to pay a little in advance
leading up to the holidays and
Christmas period there are still
tenants who fail to budget
adequately over this time.
If you have received your rental
statement and noticed the tenants
behind, please note that we are
following our normal arrears
process of issuing notices and
being proactive in following up the
tenant to rectify the situation as
soon as possible.
FOR SALE
42-44 Myall Street, Pindimar
$1,499,000
TOWNHOUSES/DUPLEXS
1/11 Coorilla Street, Hawks Nest
2/197 Myall Street, Tea Gardens
10/13 Jacob Street, Tea Gardens
Properties Recently SOLD!
Keeping you updated on the local
sales market
12 Pier Place, Bundabah
$565,000
6 Boondlebah Road, Tea Gardens
14&15 Witt Street, Tea Gardens
1/21 Coorilla Street, Hawks Nest
NEWS
Heather, Kim & Lisa wish you and
your families a wonderful safe and
happy 2014. We look forward to
catching up with you all in the New
Year.
31 Ibis Avenue, Hawks Nest
$375,000
WE ARE FOCUSED ON MAXIMISING YOUR RENTAL INCOME AND OPTIMISING YOUR CAPITAL GROWTH
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