We provide expert property management in Newcastle and Lake Macquarie. Based in Charlestown NSW, we have been delighting Newcastle property investors with our personal, professional service since 2011.
Find out the 7 great reasons to work with us, and if you find this article helpful or enjoyable, please subscribe or share it with someone else who may benefit. You may be expecting a post about knowing your income and expenses - your financial figures - but we're going to take a different path in this article. Just as important as knowing the financial numbers for your investment is knowing the other essentials - the important numbers which dictate how and when you can take certain actions with your investment property. For example, knowing how many days notice you need to provide should you wish to ask your tenants to vacate the property, how many days notice are required to increase the rent in your property, how many routine inspections can be held per year, and more. Think of this post as your "cheat sheet" of must-know, non-financial numbers for the success of your property. Let's get started! Essential Numbers To Know For Your Investment PropertyNotice Periods Before Entry To The Property
View further information from NSW Fair Trading regarding notice periods for entry to a rental property. Notice Periods To End A Tenancy
View further information from NSW Fair Trading regarding notice periods and ending a tenancy. Break Fees Payable By The TenantA break fee is a penalty a tenant agrees to pay if they move out before the end of a fixed term lease agreement. For most fixed term agreements of 3 years or less signed from 23 March 2020 onwards, the following mandatory break fees apply if the tenant vacates before the end of the fixed term:
View further information about mandatory break fees from NSW Fair Trading. Rent Increases
View further information on notice periods for rent increases.
We provide expert property management in Newcastle and Lake Macquarie. Based in Charlestown NSW, we have been delighting Newcastle property investors with our personal, professional service since 2011.
Find out the 7 great reasons to work with us, and if you found this article helpful or enjoyable, please subscribe or share it with someone else who may benefit.
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Carnelian Property Management Newcastle NSWWe are a family-owned and run Charlestown real estate agent offering expert property management across Newcastle and Lake Macquarie. Want More?Build your property management knowledge - get regular tips and advice for landlords and tenants straight to your inbox.
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