Question
This is in relation to legislation in Queensland so please include Queensland legislation. Locate and name at least 4 pieces of legislation that are relevant
This is in relation to legislation in Queensland so please include Queensland legislation.
- Locate and name at least 4 pieces of legislation that are relevant to property management in Queensland and explain they are relevant when it comes to property management Use examples to support your answer.
- List legislative and industry requirements that regulate ethics and standard of conduct in property management in Queensland
- describe in one to two sentences what the requirements are for the following: Knowledge of the law, Best interest of client and Confidentiality.
- List the name(s) of statutory and agency leasing documents that are required during listing a property for lease?
- How are agent's property management fees calculated? What fees can an agent claim?
- When can property inspections be carried out on a leased property? What conditions must be met prior to the inspection?
List at least 3 marketing activities that a property manager can undertake in order to secure a tenant for a rental property available for lease?
- What factors would an agent take into consideration when determining market conditions with regards to leasing?
- What sources of information are available to an agent determine market conditions?
Explain any legislative requirements applying to listing agreements and documentation.
List at least 5 property management services/activities that a property manager may perform on behalf of a landlord.
- Identify the role of the agent in providing estimate of rental value.
- Identify risks involved in providing a rental appraisal to the landlord.
- Identify strategies to manage the risk.
What are the landlords responsibilities with regard to repairs and maintenance prior to renting out the property?
- What are the risks associated with non-compliance with these requirements?
- What strategies can you implement to manage this risk?
- Your tenant has the right to reasonable peace, comfort and privacy when renting. Outline when and how often a landlord, an agent or other authorised person can enter the property.
- What are the legislative requirements surrounding the provision of the landlord's private details to the tenant?
- What expectations is a landlord likely to have regarding the tenant selection process carried out by their property manager? Provide 2 examples.
- Upon the landlord's written consent, list at least 2 examples of payments that an agency could make on behalf of the landlord as part of their property management service?
Provide a short report with recommended actions to prevent this from reoccurring. "It is two months since Monica's listed her property for lease and still the unit has not been leased.
The former tenant has vacated the property. There have been a few inspections and some interest displayed by potential tenants, but they have not made an offer.
Monica arrives as the agency office angry and upset. She tells staff that they have not done enough to properly market the property and lease it and now she is having to pay the mortgage on the property from her own funds. She wants to go to another agency.
She believes that she is entitled to a refund of all advertising costs as she was provided inadequate service."
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