The Residential Tenancies Act clearly states that the Property Investor must maintain the premises in “good or reasonable” repair, in a state that is fit and habitable and complies with health and safety regulations.
These laws have been written to protect individuals from injury and substandard living conditions. Failure to maintain a property can have serious consequences if a tenant is injured. It is better to ‘err on the side of caution’ and protect yourself and your investment. Pay attention to the following areas:
- Electrical points, wiring and light fittings must be safe and compliant
- Steps must be secure
- Balcony rails and flooring must be secure
- Carpet free from loose threads, ripples or holes
- Driveways and pathways adequately lit
- Structures such as pergolas and verandas with wood rot or rust
- Uneven or broken paving or cracked concrete
- Broken or loose tiles
- Holes in lawn areas
Regular inspections and maintenance will ensure that the property is kept in a safe, well maintained condition. Helping you achieve the maximum rent possible while reducing vacancy periods, long-term capital growth on your investment as well as attracting a quality tenant.