Common mistakes made by landlords and tenants

Common mistakes made by landlords and tenants

Landlords and tenants will not always see eye to eye.  It’s largely the same mistakes from both parties that cause misunderstandings. Both landlords and tenants need to know their responsibilities that are in the tenancy agreement. To avoid misunderstandings, it’s good practice for landlords, tenants and property managers to keep records of conversations and condition reports.

Common tenant mistakes

Not notifying their agent, in writing, when they want to vacate a property

Rushing through the ingoing condition report or not completing it

Not reporting necessary repairs to the property manager

Leaving items behind when moving , or assuming they’ll be wanted by the next tenant

Forgetting to keep records of communications with their agent and landlord

Feeling uncomfortable about asking for changes to the lease upfront

Failing to properly inspect and ensure the home is suitable for the length of the lease

Not taking out renters’ insurance

Failing to pay rent in times of hardship without contacting their agent

Signing the bond form before the returned amount is decided

Common landlord mistakes

Not maintaining the premises in good repair

Making ‘Band-Aid’ repair jobs themselves or using amateur tradespeople

Increasing the rent every 12 months without any financial argument for an increase

Entering the property without approval or turning up without written warning

Holding too many rental inspections during a tenancy

Holding too many open for inspections during a sale campaign or to find another tenant

Having a loose interpretation of fair “wear and tear” during the tenancy

Not returning the bond within the legally specified time frame

Not ensuring all “installations” are working, including heating and smoke alarms

Not listening to the advice of the Property Manger