![]() This covers the day-to-day activities required to manage the lease. They will also complete an in-going inspection report to document the condition of the property at the commencement of the lease. Tasks include organising inspections with prospective tenants, conducting rental checks for applications received, completing all necessary paperwork relating to the lease documents and lodging the bond with the necessary governing bodies in your state. To cover the property manager sourcing a new tenant for a vacant property. ![]() What Types of Fees Can You Expect?Īs the costs and inclusions can vary considerably it is important to understand their general fee structure and specifically what your rental agent has proposed. See the below section on property management fees by city and state for more detailed fee information on your location. GST is also applicable on property management fees – make sure if the rate quoted for you is inclusive or exclusive of GST. Short-term and holiday let management fees will usually incur higher fees. Sydney and Melbourne generally offer the most competitive rates, whilst Perth and Adelaide have some of the highest fees. They vary greatly between states, and depending on where your house is located, you can expect to pay between 5% to 12%. Property management fees are usually charged as a percentage of the weekly rent. These are outlined in the rental agreement between the property owner and the rental agents. Property Management Fees Canberra (ACT)Ī property manager’s fees usually cover sourcing quality tenants and managing your lease on a day-to-day basis.Property Management Fees Melbourne (VIC).Property Management Fees Brisbane (QLD).
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