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 Landlord Info
What is a property condition report?

This report is compiled at the commencement of a tenancy prior to your tenant moving into the property. This report outlines the condition of the property at the commencement of the tenancy and is used when the tenant vacates to ensure that the property is left in the same condition.

This is the last inspection carried out as soon as possible after the end of a tenancy, when the tenants have returned their keys. The Property Condition Report is used at this inspection and each item is checked off to make certain that the property is in the same condition as when the tenant took possession. It is at this inspection that any items that need to be rectified by the tenant are identified.





What is a Routine Inspection?

Routine inspections are conducted after a tenant takes possession of the property and are conducted every twelve months. These inspections are essential to ensure that your property is being maintained to an acceptable standard and to identify any maintenance that may be required. A copy of the routine inspection report is forwarded to you after each inspection and should it be necessary, a member of the Property Management Team will contact you to discuss items noted on the report.





What is a database check?

Database checks are often conducted on tenants applying for a property through Wood & Co Real Estate. Where we feel there is a deficiency of suitable references to prove a good local track record, Wood & Co will conduct an on-line check on the National Tenancy Database to ascertain if the prospective tenant has been registered for any previous poor performance as a tenant. Any tenant who has rented through an agency that uses these databases and has defaulted in some way will be lodged on the database. This can greatly reduce your chances of getting a tenant with a previous bad rental history.





What happens when a tenant stops paying rent?

When a tenant falls behind in their rental payments they are issued with a notice of breach advising them that they are behind and requesting that they rectify the problem. If this is not done within the stipulated time period then a termination notice is issued requiring that they vacate the premises.

 



How do tenants pay their rent?

Tenants at Wood & Co have several options to pay their rent, leaving no excuse for late payments:

  • By cheque, cash or money order at Wood & Co,
  • Internet Banking through their chosen financial institution,
  • Direct debit from their nominated bank account (Wood & Co will supply the tenant with account details to arrange an automatic transfer,
  • Pay-in booklet supplied to the tenant to facilitate payment at the bank.




When does the rent money get paid into my account?

After the fifteenth day of every month all monies held, unless instructed otherwise, are paid to you by way of direct credit to your nominated bank account or by cheque. Wood & Co also provide a monthly statement outlining the details of all rents paid and any credits or charges incurred (such as repairs) for that month.