List three reasons why property management is essential to the success of a real estate agents practice.

What agreement needs to be signed for a “casual letting”?

Casual letting generally contains the details of the tenant such as the photograph of the person and the recent address. However, it also contains the reason for leaving the past rental place if any (Mee et al. 2014). This also contains the agreement regarding the rent between the owner and the tenant. It also contains the terms and conditions which the tenant needs to follow.

a) The agreements that need to be signed for casual letting are

b) Permitting the access to a personal rental property, preparing tenancy agreement, bond form by

consulting with landlord all the time and making arrangements for both the landlord and the tenant to sign

How does the Strata Schemes Management Act 1996 affect your role as a Property Manager?

List 3 reasons why you may reconsider taking on a new management?

List 3 things you would give to your own when meeting them for the first time at a property or may discuss with them at your first meeting?

Work out the total “move in” costs for a property being rented at $435 per week (show calculations)

Rent of the property is $435 per week. In order to calculate the move in cost the other factors required are key fees, security deposit, broker fees, first-month rent, application fees and last month fees (Herro, 2017). For this property, first month and last month rent are $1740. Application fees are $50. Security fees, key fees and broker fees are $2500, $100 and $1750. Hence the total move in cost is $(1740+1740+50+2500+100+1750) or $7880.

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