One of the most common questions landlords ask at the end of a tenancy is: "Is this fair wear and tear, or is it tenant damage?" Understanding the difference is important, as it can affect maintenance decisions, bond claims and the overall condition of your investment property. What is Fair Wear and Tear? Fair wear and tear refers to the natural deterioration of a property that occurs through e...
Finding a quality tenant is only half the job. Keeping them can often save landlords time, money and the costs associated with vacancy. While every tenancy is different, there are several simple ways to encourage good tenants to stay longer. 1. Respond to Maintenance Promptly Small maintenance issues can quickly become frustrating for tenants if left unresolved. Attending to repairs in a timely...