Landlord to Secure the Management of the Property - Management Assignment Help

Assignment Task

Task

• The investor explains that the property is only being rented for a short term and he and his wife might move into it within the next 6-8 months, but if their Gold Coast home sells in the meantime. What type of tenancy would you advise that he considers and why? 
• The investor asks whether he could have a 12 month fixed term lease with an option for it to end early if he needs to take possession. How will you respond to his request? Your answer must make reference to implications for breaking a lease. It should also address whether a term of this nature can be added to the tenancy agreement.
• The landlord agrees to list the property with your agency. What document will you present to the landlord to secure the management of the property? Your answer should include whether this can be an informal document or whether it is prescribed under state legislation.
• The prospective landlord asks whether the tenant can be directed to pay the rent directly to his bank account. How will you respond? Your answer should describe how the monies are received, what fund they are banked into and how they are identified when payment is made.
• The prospective landlord queries how the rental money is managed and what payments the agency can make with his authority. Your answer should describe the typical payments made on behalf of the client, and the required authorisations for those payments to be made.
• The prospective landlord queries how the agent will account to him for rental monies and how and when the agent will be drawing their fees and commissions? How will you respond to this query? Your response should address frequency of payments and the legal requirements for drawing agency fees.

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