It is important for any landlord or investor with a rental portfolio to familiarise themselves with the PIE Act. Read this advice...
When it comes to finding a tenant, you need to take a number of things into account before deciding on the type of mandate to give the rental agent.
Letting your property considerably increases your risk of loss or damage and you are exposed to liability claims from paying guests. Read more....
Landlords and tenants often find themselves on opposing sides and one of the biggest problems they face relates to security deposits.
Landlords should make sure they have a signed photo record of the condition of the property when the tenant moves in.
A landlord is not permitted to charge a tenant for ‘fair wear and tear’, as tenants are not liable for deterioration by ordinary and reasonable use.
While living above your local supermarket or fast-food outlet can be convenient, mixing business with residential units can also present conflicts.
When signing a lease, the landlord should attach and disclose prior to signing the lease, all the terms and conditions of living in that home.
Landlords and managing agents should keep control of water and electricity accounts and not allow these to be sent directly to the tenant.
Landlords who think that they can raise residential rentals annually by 10 percent, or even more, are likely to lose good tenants.
DIY landlords are unlikely to have access to all the necessary information they need, often relying on a spoken reference or the word of the tenant.
Landlords need to have a clause in the lease which transfers responsibility to their tenants so that they are not held liable for any misbehaviour.
Renting out a small part of your home can bring in extra income, with single rooms in the Cape Peninsula commanding rentals of up to R6k a month.
Landlords should be careful when entering into leases and screening prospective tenants, as the new privacy legislation will have ramifications.
Landlords are often seen as villains who press their tenants for rent money every month, however, they can feel like victims too.
The correct appointment of an agent to manage a property asset is vitally important in ensuring the investment is safe and viable.
Because of the provisions of the Act, a landlord can now no longer assume that a court will enforce a lease agreement simply based on the signature.
Rental returns on low priced property, particularly sectional title units, are not only better than for higher priced homes but escalate faster.
As renting property is often a relatively long-term arrangement, establishing and maintaining a healthy landlord-tenant relationship is key.
Most landlords agree that it is important to do what is necessary to keep a good tenant who pays on time and takes care of your property.
House for sale in Theresapark R 850 000
Townhouse for sale in Lilyvale R 1 320 000
Townhouse for sale in Annlin R 1 350 000
House for sale in Eldorado Park Ext 7 R 700 000
House for sale in Crown Gardens R 695 000
House for sale in Bassonia Rock R 790 000
Apartment / Flat for sale in Winchester Hills Ext 3 R 560 000
House for sale in Daveyton R 560 000
Townhouse for sale in Sonstraal Heights R 1 150 000
Townhouse for sale in Rynfield R 570 000
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