Owners beware

29-Sep-2015

The Residential Tenancies Act clearly states that the Property Investor must maintain the premises in “good or reasonable” repair, in a state that is fit and habitable and complies with health and safety regulations.

These laws have been written to protect individuals from injury and substandard living conditions. Failure to maintain a property can have serious consequences if a tenant is injured. It is better to ‘err on the side of caution’ and protect yourself and your investment. Pay attention to the following areas:

  • Electrical points, wiring and light fittings must be safe and compliant
  • Steps must be secure
  • Balcony rails and flooring must be secure
  • Carpet free from loose threads, ripples or holes
  • Driveways and pathways adequately lit
  • Structures such as pergolas and verandas with wood rot or rust
  • Uneven or broken paving or cracked concrete
  • Broken or loose tiles
  • Holes in lawn areas

Regular inspections and maintenance will ensure that the property is kept in a safe, well maintained condition. Helping you achieve the maximum rent possible while reducing vacancy periods, long-term capital growth on your investment as well as attracting a quality tenant.