But the property manager said the place was promoted on a series of platforms, effective ways were made to arrange tours and the photos were unlikely to deter a real potential tenant. “We were concerned about the cost to tenants of real estate management companies to amend a lease or to terminate a fixed-term contract prematurely,” Wilson said. Last June, Gourav Ahuja and Isha Isha leased a property managed by Barfoot and Thompson in Mt Wellington and signed a fixed-term contract until July 2020. Email Luke Appleby or Follow @lukeappleby He said he thought the process of filling out the form, performing a background review, all necessary reference checks and a real estate inspection could take up to six hours anywhere. Tenants lose lawsuits after prematurely terminating the fixed-term lease. Photo/File Two Auckland tenants who attempted to break an annual fixed-term lease within two months of signing were fined more than $2600 after buying a house and trying to evade their obligations. 27. How do you look at potential tenants? What tells you about the award of a rental contract to the other candidate? Would I have one last word on who rents the property? 17. Who signs the lease (both parties are specified)? It is important to note that this list is not exhaustive and definitive. Questions serve as clues so you can start thinking about what is important to you as an owner, so there could be no correct or false answers. At the end of the day, be sure to interview your property manager in depth, get to know them, know their business practices and trust your instincts. Before you sign the service agreement, be sure to read all the fine print and become 100% familiar with what you sign. 23.
How quickly would I know if something is wrong with the lease, such as rent arrears, damages and waiver? “A change in occupancy is not just a case of filling out a form – we have to deal with it the way we conclude the end of the lease and, indeed, a new legal contract for the remaining and new tenants.