Question
With reference to the Residential Tenancies Act 1997 (Vic) answer the following case study questions and include in your responses the correct sections of the
With reference to the Residential Tenancies Act 1997 (Vic) answer the following case study questions and include in your responses the correct sections of the Act.
You are acting as a property agent for Geoff, a first - time residential landlord. He is unfamiliar with the laws surrounding residential tenancy as he previously has been a landlord in a commercial property. Geoff has assumed that the laws would be similar.
Geoff wants to protect his property interest.
- Name a type of transaction that would be applicable for Geoff's circumstances. State why.
- What is the maximum bond Geoff as the landlord may request?
- A luxury property in Carlton is highly sought after. It rents for $800 per week. In order to secure the property, Christine offers Geoff the landlord $6,000 which he accepts.Has there been a breach of the Act? If so, what is the penalty?
- Geoff says this Carlton property has all antique furnishing which are very rare and valuable. He wants to know if a landlord an apply to increase the maximum bond and under what reasons?
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1 Type of Transaction Applicable for Geoffs Circumstances Geoffs circumstances as a firsttime residential landlord require him to establish a resident...
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
