Reference no: EM133339076

Question 1

List five items that should appear on a property maintenance plan.

Question 2

During one of your scheduled routine inspections, you note that a large crack has developed in the brick wall in one of the rooms. You check photos on file, and it was not there at your last inspection. You contact the landlord, and they ask you whether you think it is a building problem or not. What should you advise the landlord, taking into account the scope of your knowledge and authority in such matters?

Question 3

What information must be disclosed to a prospective tenant before they sign a tenancy agreement?

Question 4

If there are urgent repairs that the managing agent or landlord has not responded to, what is the monetary limit that the tenant can spend on fixing the urgent issue and can be reimbursed by the landlord?

Question 5

Explain why keeping accurate records is so important for a managing agent

List two key features of an agency records management system. Hint: Think about security, privacy, how records are located.

List the key types of documents and records that an agent should have in its files for a rental property.

Question 6

Explain what repair items are considered urgent in a residential tenancy. Where, in the tenancy legislation, can you locate this information?

Question 7

Explain the difference between 'assigning' and 'subletting'.

Can the tenant assign or sublet a tenancy? Explain the legal requirements.

Question 8

Explain two advantages of an agency having an efficient system to keep tenancy renewals up to date as each tenancy expires.

Question 9

You receive an email from a landlord who has been watching media news reports about rents going up in some areas. Your recent review of the rent of this landlord's property has shown that you think the property is currently at market rent already. Explain two disadvantages/risks for the landlord if they proceeded with a rent increase.