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Tenant Management5 Things To Do Before Handling Over The Keys To TenantsHello, my name is Michael Gilbert, and I’m a licensed realestate agent, and I’m here on behalf oftenantmanagement.com.au. Today, I’m going to talk toyou about the five things that I think you need to do, thatyou must do, before you hand over the keys to tenants.The first thing is, you should get a full periods rent. So ifyou charge monthly then you’ll need one month’s rentbefore you hand over the keys. If you charge weekly, thenyou’ll need one full week’s rent before you hand over thekeys. So it’s like pre-paid rent.1 - Get a Full Period’s Rent1 of 6

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2 of 6Tenant ManagementThe second point is that you should get the maximumbond that you can charge in your particular state. Forexample, if you’re in Victoria, then you should get onemonth’s rent, and if you’re in New South Wales thenyou should get a full week’s rent. And when you getthat bond, you should also transfer that over to therelevant government body within your state.2 - Collect Maximum Bond5 Things To Do Before Handing Over The Keys To Tenants

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3 of 6Tenant ManagementI should say, the third point is that you should getyour… a residential tenancy agreement lease signedby all parties – by all owners and by all tenants –and each party should also be given a copy of that.Within that lease, you should have the keysphotocopied on a piece of paper. If you don’t wantto photocopy it, just take a photo of it with youriPhone and print it out and put that within thelease. With this lease, you should also give thetenants a copy of the renting guide. It might becalled differently in your particular state.3 - Get Tenancy Agreement Lease5 Things To Do Before Handing Over The Keys To Tenants

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4 of 6Tenant ManagementThe fourth thing is a condition report, acomprehensive condition report. The morecomprehensive this condition report is, that youdo before tenants move in, the easier it will bewhen the tenants actually got to move out andhave to refund the bond. With this conditionreport, you should have photos, you should haveeven small videos if you can, and even aninventory. What I meant with inventory is thatwithin each room you should note what light arein there, what curtains are in there, for example.4 - Prepare Condition Report5 Things To Do Before Handling Over The Keys To Tenants

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5 of 6Tenant ManagementThe fifth note, the fifth point that you must dobefore you hand over the keys to tenants is thatyou should have some sort of direct debit formsigned. If they’re not paying by direct debit, itshould be very clear on how the tenants are to payrent. If they don’t know how to pay rent, they’renot going to pay it as easy and as on time as youwould like.5 – Have Direct Debit Form Signed5 Things To Do Before Handling Over The Keys To Tenants

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6 of 6Tenant ManagementSo they’re the five things that you should do before youhand over the keys. If you’d like some moreinformation, jump on tenantmanagement.com.au andfeel free to ask us some questions. Thanks very muchfor listening. This is tenant management.5 Things To Do Before Handling Over The Keys To TenantsNow you’re ready to hand over the keys