Property Management Agreement (Page 2 of 3) in pdf

such terms and conditions as, in the opinion of the Manager, may be applicable to the tenancy

and forward to the Owner a copy of such agreement at the end of the month in which the

agreement was signed.

8. To rent the property on either a fixed term or periodic tenancy basis as, at the discretion of the

Manager, best suits the circumstances of the tenancy. Should the Manager offer the Property on

a fixed term basis then the period of that term shall not exceed ____________months.

9. To conduct and record property inspections both at the commencement of each new tenancy and

at regular intervals throughout each tenancy as specified in the attached schedule and forward to

the Owner a copy of the report at the end of the month in which the inspection was carried out.

10. To collect a bond from the tenant equivalent to __________weeks rent and to pay it to the

Tenancy Services Division of the Department of Building and Housing and at the conclusion of

the tenancy to sign the bond refund form and refund to the tenant such sum as the Manager

deems fair and reasonable.

11. To collect rental payments from the tenants as and when they fall due for payment and to take

whatever steps are required by the Manager to follow up and compel payments of any unpaid

rent. All such rent moneys are to be held in the Manager’s Trust Account.

12. To deduct from rent all proper charges, reimbursements and disbursements for moneys

expended on behalf of the Owner including the costs of any repairs and maintenance.

13. To ensure compliance with the terms of the Tenancy Agreement and the provisions of the

Residential Tenancies Act 1986 or any subsequent amendments to the Act, by taking whatever

steps the Manager deems appropriate. In the name of the Owner to write letters to the tenant;

arrange for the property to be cleaned and/or decontaminated; to serve ‘Ten Day to Remedy

notices upon the tenant; to file applications to the Tenancy Tribunal; to attend Tenancy Services

mediations; to attend hearings of the Tenancy Tribunal and on behalf of the Owners to receive

and act upon any Mediation or Tribunal orders.

14. To conduct a review of the fair market rent level applicable to the Property upon each change of

tenancy or otherwise annually.

15. To negotiate with contractors and supervise all remedial or maintenance work at the Property

whether that work is occasioned by the tenant or not.

16. To review (in consultation with the Owner) and if necessary adjust, from time to time, the

management services charges payable under this Management Authority.

17. To advise the Owner’s insurers and file any relevant insurance claim on behalf of the Owner in

respect of any loss or damage to the Property.

Repairs

The owner authorizes the Manager to arrange any repairs and maintenance on the property, as may

be required in accordance with the following instructions:

a) All repairs or maintenance costs in excess of $350 must have the prior approval of the owner.

Property Management Agreement Page 2