The rentals that we don’t manage have a higher % of this scenario. Legal action will need to be taken and an eviction order brought against the tenant. We work with rental specialist attorneys who offer Etchells & Young clients a reduced rate, if legal action is required.
No, unfortunately not. As the lease is a legal contract between the landlord and tenant, any breach of that contract must be dealt with in terms of contract law and the CPA. This means that the tenant must be placed in mora (notified and officially placed on terms) and the CPA specifies that the tenant must receive written notice of the breach.
The tenant then has 20 business days to rectify the breach.If they rectify the breach by paying the full amount due (as per the notice), the breach has been rectified in terms of the law. If they do not rectify the breach by paying the full amount as per the notice, then only after the full 20 business days have lapsed can the lease be cancelled, and the tenant be asked to vacate the premises. Bear in mind that the tenant can only legally be evicted from the premises via a court order.
It is in your best interest to keep your property in good order. The tenant is responsible for damage they cause and the landlord for fair wear and tear items. A well-kept property, which is maintained regularly, attracts better quality tenants who tend to take pride in their home environment and want to look after the property. Seasoned investors will also know that maintenance forms an integral part of your budget and is necessary to protect your passive income producing asset in the long run.
Rental Management means that Etchells & Young manages the day-to-day aspects of your rental property and takes the “hassle” out of your hands. We deal with all aspects relating to your tenant such as collecting the rental, dealing with maintenance queries, liaising with the body corporate and then, subject to your requirements, paying levies and water and electricity on your behalf, before paying the balance of the rental over to you. We also manage the financial aspects of your rental and are able to do full reconciliations of your account.
We are professionals who specialise in rentals and rental management and have a long client list of satisfied property owners. This is our primary business and we have a dedicated team of Portfolio Managers and sophisticated property management IT systems to professionally manage your rental property. We also know and understand the complex laws and legislation governing this industry and this knowledge, guidance and assistance can make the difference between a very successful property investment or a costly failure with plenty of heartache and frustration for an owner.
