96 darghan st

nichollsandco.com.au

Your Agent

your agent Taylor Santaella Property Management Associate 0422 619 162 taylor@nichollsandco.com.au 02 9713 7433 Hard working and decidedly driven, Taylor displays a profound passion for customer service.

Taylor’s energy and motivation is both inspiring and, to those around him, contagious. He understands people are time-poor and he works hard to ensure that his dealings with both owners and buyers are relevant, transparent and, above all else, about their needs and what he can do to help them.

Taylor takes his role of protecting his client’s investments very seriously and his attention to detail and level of care is second to none.

nichollsandco.com.au

your agent Cameron Nicholls Principal 0421 733 118 cameron@nichollsandco.com.au 02 9713 7433 Defined by an unparalleled reputation for integrity, professionalism and transparency, Cameron Nicholls is a licensed Real Estate Agent with unwavering conviction. Cameron attributes this success to his immense passion for the job and possesses a natural affinity for real estate that is underpinned by an innate talent.

Cameron has an unquestionable devotion to his craft that is evidenced by the results he achieves and client testimonials he receives.

nichollsandco.com.au

Step 1

Step 1- finding !

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Professional photography exponentially increases the engagement in your ! marketing activities. Quality over quantity always wins! Experienced ! photographers utilizing high-end digital cameras backed up by industry-leading !

Photoshop experts gives you that assurance that your marketing content is the absolute best available. In this digital era it is unacceptable to market a property ! ! with sub standard photography captured by an amateur. !

At Nicholls & Co Estate Agents we have found that by using professional ! photography our landlords receive: !

• More enquiries ! !

• Which leads to more inspections !

• Which leads to more applications !

• And therefore securing a fantastic tenant with fewer days on market ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

Professional photography

nichollsandco.com.au

Step 1- finding a tenant !

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Online marketing It is no secret that the majority of rental properties are sourced online, gone are the days where you would walk into an office and ask for a “rental list”. This is why we invest in only the best online advertising options for our landlords.

The benefits of this are that you will receive more enquiry than other properties which are positioned much further down the list in the search results. 56% of consumers don’t look past the first page. When combined with professional imagery we are starting to form a great strategy to delivery fantastic results.

Realestate.com.au- Premiere property • • • •

Be seen first by more tenants at the top of search results Dominate the page with the biggest ad Rotate to the top of search results every 15 days 56% of consumers don’t look beyond the first page

Domain.com.au- Platinum listing • • • • •

Premium position in search results Weekly search results ranking refresh Full-width hero image in carousel Strong branding for easy enquiry Premium property details page

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nichollsandco.com.au

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rb 94 Sample St, Subu 0 0 0

DIGITAL LISTINGS INCREASE THE IMPACT OF YOUR MARKETING CAMPAIGN Upgrade your listing and amplify your property to Domain’s 3.9 million active and engaged property seekers each month 1, including 33% who search exclusively on Domain2.

Selecting a high-exposure Domain listing can deliver 5X more views and enquiries compared to Subscription listings; helping you achieve the best result for your property3.

DIGITAL LISTINGS

YOUR LISTING OPTIONS

5X PLATINUM LISTING

MORE VIEWS³

Premium position in search results

5X

Weekly search results ranking refresh

MORE ENQUIRIES³

Full-width hero image in carousel Contact Agent

Strong branding for easy enquiry

Taylor Santaella

94 Sample St, Suburb

Premium property details page

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0

0

Next inspection Thursday, 2:00pm

GOLD LISTING* Contact Agent 94 Sample St, Suburb

Higher ranking in search results 0

Larger hero image with photo carousel

0

0

Next inspection Friday, 1:30pm

Delivers 2X more enquiries³

SUBSCRIPTION LISTING*

Contact Agent 94 Sample St, Suburb

Reach 3.9 million property seekers monthly¹

0

0

0

Next inspection Wednesday, 10:30am

Hi, it’s Taylor Santaella from Nicholls & Co Estate Agents.

I think you’ll love this property...

ADD AN eBROCHURE $1,250,000 94 Sample St, Suburb

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0

0

Delivered directly via email as Featured Home Alerts, eBrochures connect your property with motivated property seekers who have registered their interest in properties that match your listing; generating more qualified leads.

Source: 1. Nielsen Digital Ratings Monthly, Mar 2017. 2. Domain Group Digital Audience (Domain and Allhomes) who do not use REA Digital in Australia, sourced via emma™ conducted by Ipsos MediaCT, People 14+, for the 12 months ending Mar 2017, Nielsen Digital Ratings Monthly Mar 2017. 3. Average uplift in events during Platinum and Gold campaign compared to Subscription listings, sourced from internal Domain data, Feb 2017 – Apr 2017. Enquiries include agent profile views, agent phone number views, calls to agent from mobile, completed rental applications, leads and saved inspection times. Views include property page views, property carousel views. *Branded Subscription only.

Contact me today.

Taylor Santaella taylor@nichollsandco.com.au

DIGITAL LISTINGS V1.0

Step 1- finding a tenant !

! ! ! !

Showing your property We set up 45 minute allotted time slots for open for inspection on Saturday and by appointment during the week.

It often makes prospective tenants feel more comfortable when they can view the property without the owner present. If possible take the dog for a walk or go out to the shops. Rest assured we will stay with the tenant throughout the inspection and point out all the features and benefits of your home.

Under normal circumstances keys make it more convenient for yourselves and us to be able to show the property. If we need to show the property outside of the scheduled open homes we will give you plenty of notice. If you are unavailable or away from home we are still able to show tenants through your property. Access can sometimes be crucial to securing a tenant where they are comparing multiple properties.

Taylor or myself will facilitate all viewings of the property where possible. If alternate arrangements need to be made for showing the property I will discuss this with you prior

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nichollsandco.com.au

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Step 1- finding a tenant !

Securing the tenancy Once applications are submitted for your property we will begin processing all applications. The process does not take longer than two days and in most cases if an application is submitted over the weekend we should be in a position to approve or decline all applications by close of business Tuesday.

Our reference checking process is very rigorous and we will never place a tenant in your property that we wouldn’t feel comfortable being in ours.

No applications will be accepted unless 100 points of identification has been submitted. Supporting documentation we also ask for includes: • • • • •

Bank statements Previous rental ledgers Real estate references Personal references Utility bills

Pets?

This is totally up to you. If you have a preference for no pets or you may be a pet owner and sympathize with prospective tenants, we will source your most ideal tenant.

nichollsandco.com.au

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Step 2

Step 2- managing !

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Ingoing/outgoing inspections It is a requirement under the Residential Tenancies Act that the landlord and the tenant complete a condition report. This condition report is an important record of the condition of the residential premises when the tenancy begins and may be used as evidence of the state of repair or general condition of the premises at the commencement of the tenancy. It is important to complete the condition report accurately. It may be vital if there is a dispute, particularly about the return of the rental bond money and any damage to the premises.

At the end of the tenancy the premises will be inspected and the condition of the premises at that time will be compared to that stated in the original condition report.

At Nicholls & Co Estate Agents we are extremely thorough with this process and there are roughly 100 photos captured for every ingoing inspection.

Routine inspections The first routine inspection will be carried out 3 months after the tenant moves in.

If the property is found to be in satisfactory condition inspections will then be carried out on a 6 monthly basis. A minimum of 6 photos are captured at every inspection and a report emailed to you by close of business or within 24hrs.

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nichollsandco.com.au

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Step 2- managing !

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Maintenance All maintenance items will be reported to you prior to engaging trades. You will have the option to attend to the issue personally or we can arrange for the issue to be rectified by one of our trusted trades.

Disbursement of monies Rental monies will be disbursed on the last Wednesday of every month. We can account for all outgoing bills on your behalf and detail debits and credits on the monthly statement.

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nichollsandco.com.au

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Step 2- managing !

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Arrears Policy/ Termination of Tenant If the tenant does fall behind in their rent we have the capabilities to monitor and ensure that the process is handled accordance with the Residential Tenancies Act. Keeping a close eye is important that’s why we check the status of all payments daily. Our communications with the tenant surrounding their arrears is as follows 3 days in arrears – a reminder email/phone call to the tenant will be made.

7 days in arrears – a reminder letter/email will be issued to the tenant.

14 days in arrears – termination notice will be sent.

Lease Renewals Three months before the lease expires both the tenant and the landlord will be notified. Upon this notice a comparative market annalist report will be sent to you advised of market conditions and agent recommendations. In doing so the lease will never roll over on a periodic agreement without your knowledge.

Keeping tenants in a fixed term agreement can reduce the stress from both parties as there is a clear mutually acceptable agreement in place.

nichollsandco.com.au

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Recent rentals

COMPARATIVE RENTAL PROPERTY 6 Avon Street Glebe NSW 2037 First Rental Price: Current Rental Price: First Listed Date: Current Listed Date:

$720/W $720/W 7 Dec 2017 18 Dec 2017

2

1

Category:

-

87m2

House: One Storey / Lowset 0.35km

Distance:

93 Cowper Street Glebe NSW 2037 First Rental Price: Current Rental Price: First Listed Date: Current Listed Date:

$800/W $730/W 28 Aug 2017 26 Oct 2017

2

1

Category:

-

98m2

House: One Storey / Lowset 0.51km

Distance:

40 Forsyth Street Glebe NSW 2037 First Rental Price: Current Rental Price: First Listed Date: Current Listed Date:

$700/W $700/W 25 Jan 2018 8 Mar 2018

2

1

Category: Distance:

-

93m2

-

97m2

House 0.43km

14 Gottenham Street Glebe NSW 2037 First Rental Price: Current Rental Price: First Listed Date: Current Listed Date:

$750/W $750/W 21 Nov 2017 24 Nov 2017

2

1

Category:

House: One Storey / Lowset 0.30km

Distance:

18 Gottenham Street Glebe NSW 2037 First Rental Price: Current Rental Price: First Listed Date: Current Listed Date:

$700/W $760/W 25 Nov 2017 14 Feb 2018

2

1

Category: Distance:

1

97m2

1

95m2

Unit 0.30km

46 Gottenham Street Glebe NSW 2037 First Rental Price: Current Rental Price: First Listed Date: Current Listed Date:

$700/W $600/W 22 Nov 2017 22 Jan 2018

1

Category: Distance:

© Copyright 2018 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

1

House: One Storey / Lowset 0.24km

Page 4

305/14 Griffin Place Glebe NSW 2037 First Rental Price: Current Rental Price: First Listed Date: Current Listed Date:

$750/W $720/W 16 Jan 2018 1 Feb 2018

1

1

Category: Distance:

1

4,489m2

Unit: Standard 0.52km

6 Lyndhurst Street Glebe NSW 2037 First Rental Price: Current Rental Price: First Listed Date: Current Listed Date:

$730/W $720/W 12 Oct 2017 13 Nov 2017

2

1

Category:

-

71m2

House: One Storey / Lowset 0.16km

Distance:

8/153 Bridge Road Glebe NSW 2037 First Rental Price: Current Rental Price: First Listed Date: Current Listed Date:

$750/W $750/W 3 Apr 2018 12 Apr 2018

2

1

Category: Distance:

1

92m2

Unit: Standard 0.42km

3/83 Darghan Street Glebe NSW 2037 First Rental Price: Current Rental Price: First Listed Date: Current Listed Date:

$630/W $630/W 14 Nov 2017 6 Dec 2017

2

Category: Distance:

Š Copyright 2018 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic), Local, State, and Commonwealth Governments. All rights reserved.

1

-

394m2

Unit: Standard 0.05km

Page 5

Agenda

The$Plan$ !

Preparing for rent

Pricing

Timing

Marketing

Professional fees 6.6%

Notes

nichollsandco.com.au

!

Miscellaneous

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT (RESIDENTIAL) The Property, Stock and Business Agents Act 2002 (NSW) and Regulation requires all Agent's instructions to be in the form of a written agreement.

PARTIES Principal

Hamish Randal Thomson And Madeline Lisa Thomson As Trustees Of The Thomson Family Trust GST Registered

Yes

No

Address 11 Orinoco Street Suburb Pybble Email* Hamishthomson@gmail.com

State NSW

Postcode 2073 Fax nil

Mobile 0407 228 819

Phone: Work nil

Home nil

* Note: By including your email address, you consent to service of any documents, including this agreement and any documents required to be served under or because of this agreement, by way of email.

Agent

Cameron Douglas Nicholls

DR A FT

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT

ABN / ACN nil

Licensee's Licence No.** (see note) 1517972 ABN / ACN 42 169 952 194

GST Registered

Yes

No

Trading as Nicholls & Co Estate Agents Address PO Box 3380

Postcode 2046

Wareemba, NSW

Phone: Work 97137433

Mobile 0422619162

Email taylor@nichollsandco.com.au

Fax nil

** Note: If the Agent trades as a corporation the licensee's licence number is the corporation's licence number.

PREMISES Address of Premises to be leased 96 Darghan Street

Suburb Glebe Being:

State NSW

Furnished

Unfurnished

Garage/Car Space included

Yes

Postcode 2037

No

AGREEMENT Agent's Appointment 1. The Principal hereby appoints the Agent exclusively to lease and to manage the Premises in accordance with this agreement.

2. It is agreed that the Agent may from time to time delegate to the Agent's employees all or any of the authority vested in the Agent by this agreement. /04 /2018 and may be terminated by either party giving not less than 3. This agreement shall commence on the 20 30 days

written notice of termination but without prejudice to either

party's rights accrued or obligations incurred prior to the effective termination.

Leasing 4. The Agent is authorised to lease all or any part of the Premises on the following conditions, or as otherwise instructed: i Term of the tenancy agreement 6-12 months ii

per week Rent $ 760 payable in advance or such other rent as the Principal may agree to accept.

iii

Rental bond

$ 3040

or equivalent to 4

weeks rent in respect of each tenancy.

Special Instructions 5. nil Agent's Authority 6. At the end of each tenancy, the Agent is authorised to: i Re-lease the Premises at market rent for a term not exceeding nil

Yes

No

ii

Refer to the Principal for instructions concerning re-leasing and advertising/promotion

Yes

No

iii

Review the rent when in the opinion of the Agent such a review is appropriate.

Yes

No

1st Copy: Agent's copy.

2nd Copy: Principal's copy.

000002168436

COPYRIGHT MARCH 2017 Originated and distributed by and printed and produced for the Real Estate Institute of N.S.W. in whom exclusive copyright vests.

WARNING Unauthorised reproduction in whole or in part is an infringement of Copyright.

PAGE 1 OF 8 FM00100 - 03/17 www.reinsw.com.au

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT (RESIDENTIAL)

Agent's Remuneration 7. The Agent shall be entitled to the following fees: (GST inclusive) i A leasing fee upon leasing of 1 week rent plus GST

regardless of whether the Premises are let by the Agent; any other agent; or the Principal. The Agent's Leasing Fee is due and payable by the Principal when a tenant enters into possession of the Premises or signs a residential tenancy agreement or pays rent, whichever occurs first. ii

A tenancy agreement preparation fee of $ 30

iii

A management fee of 6.6

iv An administration fee of v

% $ 5.50

of all monies collected on behalf of the Principal per month

Other

DR A FT

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT

The Property, Stock and Business Agents Act 2002 (NSW) and Regulation requires all Agent's instructions to be in the form of a written agreement.

Service Fees, Charges and Expenses 8. The Agent shall perform the following services and be entitled to the following fees (GST inclusive): Fee When due and payable at cost

NCAT fees

upon invoice

Attendance at a tribunal/court

$ 75.00

upon invoice

Preparation of a tribunal/court case

$ 100

upon invoice upon invoice

at cost

Sheriff's fees

$ nil

Arrangement of repairs and maintenance

% nil

Calculation and collection of water and sewerage usage charges

nil

of cost

nil

Arrangement of refurbishment or improvements

$ nil

nil

Service of any notice

$ nil

nil

Processing insurance claims, including valuations for insurance purposes

$ nil

Disaster/emergency management fee

% nil

Other nil

$ nil

per hour

of cost

nil

nil

nil

9. In the event that the Agent incurs expenses or charges relating to the leasing and/or management of the Premises or any part thereof they are entitled to reimbursement as follows: Fee When due and payable Marketing and/or promotional expenses for each leasing Statements/administration fees

Office expenses in respect of each management being postage, phone calls and out of pocket expenses Other End of Financial Year Statement

$ nil

nil

$ nil

nil

$ nil

nil

$ 55.00

upon release of statment

Variation of Fees and Expenses 10. The services to be provided by the Agent and any fees or expenses payable by the Principal to the Agent pursuant to this agreement cannot be varied except as agreed by the Principal in writing.

Promotional Activities as per the attached schedule OR not advertised 11. The Premises are to be advertised and/or otherwise promoted OR as follows: as agreed with agent

The promotional fee for each leasing is $ 300

and is due and payable upon invoice

For Lease Sign: Permission is hereby granted for the Agent to erect "For Lease" signage Yes No It is acknowledged that the Agent is not responsible for any liability, damages or injuries incurred as a result of the erection of the signage.

1st Copy: Agent's copy.

2nd Copy: Principal's copy.

000002168436

COPYRIGHT MARCH 2017 Originated and distributed by and printed and produced for the Real Estate Institute of N.S.W. in whom exclusive copyright vests.

WARNING Unauthorised reproduction in whole or in part is an infringement of Copyright.

PAGE 2 OF 8 FM00100 - 03/17 www.reinsw.com.au

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT (RESIDENTIAL) The Property, Stock and Business Agents Act 2002 (NSW) and Regulation requires all Agent's instructions to be in the form of a written agreement.

i

Arrange inspection and show prospective tenants

Yes

No

ii

Obtain references

Yes

No

iii

a

Yes

No

Yes

No

iv Enter into and sign tenancy agreements in respect of all or any part of the Premises

Yes

No

v

Yes

No

vi Issue receipts for monies received from tenants pursuant to tenancy agreements

Yes

No

vii Collect and lodge rental bonds in accordance with the provisions of the Residential Tenancies Act 2010 (NSW) viii Make claims for the refund of bond monies, having regard to rent due and the condition of the Premises at the end of each tenancy ix Respond to any applications by tenants before the NSW Civil and Administrative Tribunal (NCAT) or the like and represent the Principal in any such proceedings x Exercise the Principal's right to enforce or terminate tenancy agreements by service of notices as necessary

Yes

No

Yes

No

Yes

No

Yes

No

xi Forward to the Principal copies of any documents signed by the Agent on behalf of the Principal

Yes

No

xii Undertake periodic inspections at Agent's discretion.

Yes

No

xiii If required, obtain copies of any by-law or management statement relating to a strata or community scheme, which is required to be provided to the tenant

Yes

No

b

Select tenants; OR Recommend tenants

Collect rent

DR A FT

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT

Administration of Tenancy Agreement 12. In respect of each tenancy, the Agent is authorised and directed on behalf of the Principal to:

13. In respect of each tenancy, the Agent and each and every one of their partners, employees or other officers from time to time as the case may be is authorised and directed on behalf of the Principal to make application before the NCAT or the like and to do all things necessary to commence and (as far as practicable) complete proceedings for: i

The recovery of possession of the Premises from tenants

Yes

ii The recovery of monies due Yes S.5A Lease: Release from Rent Control 14. The Premises have been released from rent control by 5A Lease registration or through having become vacant on or after 1 January 1986 Yes Inventories (Furnished Premises)

No No

No

Principal OR Agent 15. Where the Premises are furnished an inventory shall be prepared by the: Inspection 16. Unless the Principal advises the Agent to the contrary, any prospective tenant is entitled to inspect the Premises in the following circumstances: By appointment with agent

Repairs and Maintenance 17. The Agent is authorised to engage appropriately qualified or licensed tradespersons to effect repairs and maintenance in accordance with the Principal's obligations to repair (if any) or as otherwise instructed, provided that expenditure in excess of $ 200.00 for any one item shall not be incurred without the prior approval of the Principal except where in the opinion of the Agent that because of an emergency, repairs are necessary for the protection of the Premises or the supply of essential services to tenants.

Disbursements from Principal's Monies 18. The Agent is authorised and instructed to pay the following from monies received on behalf of the Principal: i

Accounts for repairs and maintenance in accordance with Clause 17

Yes

No

ii

Council rates (see attached Schedule)

Yes

No

iii

Water, sewerage and drainage rates (see attached Schedule)

Yes

No

iv Insurance premiums (see attached Schedule)

Yes

No

v

Yes

No

vi Maintenance costs of caretaking/cleaning/gardening

Yes

No

vii Maintenance contracts for services installed (lifts, etc)

Yes

No

viii NCAT fees

Yes

No

ix Writ of execution

Yes

No

x

Yes

No

1st Copy: Agent's copy.

2nd Copy: Principal's copy.

000002168436

Owners corporation levies (see attached Schedule)

Sheriff's fees

COPYRIGHT MARCH 2017 Originated and distributed by and printed and produced for the Real Estate Institute of N.S.W. in whom exclusive copyright vests.

WARNING Unauthorised reproduction in whole or in part is an infringement of Copyright.

PAGE 3 OF 8 FM00100 - 03/17 www.reinsw.com.au

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT (RESIDENTIAL)

xi Any fee required to obtain a by-law or management statement

Yes

No

xii

Yes

No

xiii

Yes No See attached Schedule for particulars Statement of Account 19. The Agent shall render a statement monthly or as instructed, accounting for monies received and expenses incurred on behalf of the Principal and for fees and charges retained in respect of services performed for the Principal, and the balance less disbursements shall be remitted to the Principal as hereinafter specified (see attached Schedule). If at any time amounts payable exceed the balance of the account, the Principal agrees to pay the excess amount to the Agent upon demand.

Authority to Deduct 20. In the event of any monies being paid to the Agent on behalf of the Principal, the Agent is hereby authorised to deduct from such monies all of the above mentioned fees, expenses and charges before accounting to the Principal.

Financial Institution Taxes or Deductions 21. The Agent shall be entitled to be reimbursed for any taxes or deductions debited by banks or other financial institutions against the Agent's account that are attributable to the affairs of the Principal.

GST 22. Any amounts referred to in this agreement which are payable by the Principal to the Agent in respect of services provided by the Agent under this agreement, including reimbursement of expenses, are expressed inclusive of the Goods and Services Tax ("GST"), at the rate of 10% (the current rate). If the current rate is increased or decreased, the parties agree that any amounts referred to in this agreement will be varied accordingly.

Agent's Indemnity and Liability 23. The Principal will hold and keep indemnified the Agent against all actions, suits, proceedings, claims, demands, costs and expenses whatsoever which may be taken or made against the Agent in the course of or arising out of the proper performance or exercise of any of the powers, duties or authorities of the Agent under this agreement.

Financial and Investment Advice 24. The Principal acknowledges that any financial or investment advice provided by the Agent to the Principal is of a general nature only whose preparation does not take into account the individual circumstances, objectives, financial situation or needs of the Principal. The Principal is advised to consult with their own independent financial and/or investment advisor.

Disclosure of information to tenants.

25. The Residential Tenancies Act 2010 (NSW) requires that certain information be disclosed to the tenant before the tenant enters into a residential tenancy agreement. Please answer the following:

DR A FT

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT

The Property, Stock and Business Agents Act 2002 (NSW) and Regulation requires all Agent's instructions to be in the form of a written agreement.

•

Has the landlord prepared a contract for sale of the residential premises?

Yes

No

•

Is there any proposal to sell the residential premises?

Yes

No

•

Has a mortgagee commenced proceedings in a court to enforce a mortgage over the premises?

Yes

No

- If yes, is a mortgagee taking action for possession of the premises?

Yes No Material Fact 26. i A landlord or landlord's agent must not induce a tenant to enter into a residential tenancy agreement by any statement, representation or promise that the landlord or agent knows to be false, misleading or deceptive or by knowingly concealing a material fact of a kind prescribed by the Residential Tenancies Regulation 2010 (NSW). Please answer the following: a. Have the Premises been subject to flooding or bush fire in the preceding 5 years?

Yes No Details

b.

Are the Premises subject to significant work, health or safety risks that are not apparent to a reasonable person on inspection of the Premises?

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Details

c.

Are the Premises listed on the LFAI Register?

Details

d.

Have the Premises been the scene of a serious violent crime within the preceding 5 years?

Details

e.

Will council waste services be provided to the tenant on a different basis than is generally applicable to premises within the area of the council?

Details

f.

Because of the zoning of the land, or other laws applying to development on the land, will the tenant not be able to obtain a residential parking permit (in an area where only paid parking is provided)?

Details

g.

Is there a driveway or walkway on the Premises which other persons are legally entitled to share with the tenant?

Details

ii iii

1st Copy: Agent's copy.

2nd Copy: Principal's copy.

000002168436

The Principal warrants that the Principal has supplied the Agent in writing with all the relevant details and information pertaining to all the material facts in respect of the Premises.

The Principal acknowledges that the Property, Stock and Business Agents Act 2002 (NSW) and Residential Tenancies Act 2010 (NSW) require the Agent to disclose all material facts to prospective tenants.

COPYRIGHT MARCH 2017 Originated and distributed by and printed and produced for the Real Estate Institute of N.S.W. in whom exclusive copyright vests.

WARNING Unauthorised reproduction in whole or in part is an infringement of Copyright.

PAGE 4 OF 8 FM00100 - 03/17 www.reinsw.com.au

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT (RESIDENTIAL)

iv The Principal directs the Agent to disclose all of the material facts provided in writing by the Principal to the Agent to all prospective tenants of the Premises. v In this clause: a. "material fact" has the same meaning as it has in Section 52 of the Property, Stock and Business Agents Act 2002 (NSW) and Section 26 of the Residential Tenancies Act 2010 (NSW); and b. "LFAI Register" has the same meaning as it has in Clause 3(1) of the Residential Tenancies Regulation 2010 (NSW).

Privacy Policy 27. The Privacy Act 1988 (Cth) (the Act) allows personal information to be collected, used and disclosed for the purpose for which it was collected, and otherwise in accordance with the Act. This Privacy Policy does not form part of this agreement and only applies to the extent the Agent collects, uses and discloses personal information. The Agent may amend, or amend and restate, this Privacy Policy from time to time and may subsequently notify the Principal of any changes to this Privacy Policy by updating it on the Agent’s website or by other written notification to the Principal. Any changes to this Privacy Policy take effect upon the earlier of the update to the website or other notification to the Principal.

The personal information the Principal provides the Agent in connection with this agreement or collected from other sources is necessary for the Agent to: (a) identify and verify the Principal and the Premises; (b) advertise and promote the Premises for lease; (c) process and assess any application received in relation to the lease of the Premises; (d) negotiate and prepare any lease for the Premises; (e) liaise and exchange information with the Principal and the Agent’s or Principal’s legal and other advisors in relation to or in connection with any lease of the Premises; (f) manage, serve and sign, and arrange signing of, this agreement and manage any lease of Premises including the collection of rent on behalf of the Principal and the preparation of required statements of account; (g) comply with any applicable law; (h) confirm whether the Principal is registered for GST purposes; (i) operate controlled money accounts; (j) comply with any dispute resolution process; and (k) contact and liaise with third parties (including, without limitation, goods and services providers and insurers) and to provide those parties with the Principal’s personal information.

If the personal information is not provided by the Principal, the Agent may not be able to act on behalf of the Principal effectively or at all. The Agent will take reasonable precautions to protect the personal information it holds in relation to the Principal from misuse, loss, and unauthorised access, modification or disclosure.

Personal information collected about the Principal may be disclosed by the Agent for the purpose for which it was collected to other parties including the Agent’s or Principal’s legal and other advisors, advertising and media organisations, property data service providers, prospective and actual tenants, clients of the Agent both existing and potential, tradespeople, strata owners corporations, valuers, government and statutory bodies, financial institutions and other third parties (including, without limitation, goods and services providers and insurers) or as required by any applicable law.

The Agent may also use the Principal’s information including personal information for marketing and research purposes to inform the Principal of products and services provided by the Agent, which the Agent considers may be of value or interest to the Principal, unless the Principal tells the Agent (see opt out option below) or has previously told the Agent not to. If the Principal does not wish to receive any information about such products and services then please tick this box: or otherwise notify the Agent using the Agent’s contact details set out earlier in this agreement.

The Principal has the right to request access to any personal information held by the Agent which relates to the Principal, unless the Agent is permitted by law (including the Act) to withhold that information. Any requests for access to the Principal’s personal information should be made in writing to the Agent at the contact details included in this agreement. The Agent may charge a reasonable fee where access to personal information is provided (no fee may be charged for making an application to access personal information). The Principal has the right to request the correction of any personal information which relates to the Principal that is inaccurate, incomplete or out-of-date.

By signing this agreement, the Principal acknowledges that it has read, understands and accepts the terms of this Privacy Policy and the permissions to collect, use and disclose personal information, and the Principal authorises the Agent to collect, use and disclose, in accordance with the Act, their personal information for the purposes specified in this Privacy Policy.

DR A FT

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT

The Property, Stock and Business Agents Act 2002 (NSW) and Regulation requires all Agent's instructions to be in the form of a written agreement.

Disclosure of Rebates, Discounts, Commissions or Benefits 28. In respect of any expenses to be incurred by the Principal or the Agent on behalf of the Principal pursuant to this agreement or if the Agent refers a person to a non-independent service provider, the Agent discloses that the Agent may receive, or expects to receive, rebates, discounts, commissions or benefits from third parties as specified below or as notified by the Agent to the Principal in writing from time to time after the date of this agreement: The nature and value of any estimated amount of rebate, discount, commission or benefit Name of Third Party Nature of relationship with Third Party

my connect

referrer

ebm insurance

referrer

$ $

referral fee 20

$ $ $ $ $ If no rebate, discount, commission or benefit, write "nil".

1st Copy: Agent's copy.

2nd Copy: Principal's copy.

000002168436

COPYRIGHT MARCH 2017 Originated and distributed by and printed and produced for the Real Estate Institute of N.S.W. in whom exclusive copyright vests.

WARNING Unauthorised reproduction in whole or in part is an infringement of Copyright.

PAGE 5 OF 8 FM00100 - 03/17 www.reinsw.com.au

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT (RESIDENTIAL)

Work, Health and Safety 29. i The Principal acknowledges that, at all material times: (a) the Principal has sole management and control of the Premises listed for lease, to the exclusion of the Agent; (b) the Agent acts under the direction, management and control of the Principal to facilitate the lease of the Premises between the Principal and the tenant and in carrying out the Agent's management and other obligations under this agreement; (c) the Principal is the person conducting a business or undertaking for the purposes of all work, health and safety laws, regulations and other requirements; and (d) in any contracts associated with repairs and maintenance of the Premises, the Agent acts on the Principal's behalf and the Principal and contractor are the contracting parties. ii The Principal shall be responsible for ensuring that the structure of the Premises is safe and has been maintained to appropriate standards. This includes, but is not restricted to, ensuring the appropriate safety and control in accordance with all environmental and work, health and safety laws, regulations and other requirements, of: (a) any asbestos contamination or hazardous material in the Premises or on the land; (b) any building maintenance units, points of attachment and other fixtures for the purpose of external maintenance (e.g. window cleaning); (c) electrical circuitry including electrical installations, light and power outlets; (d) any fitted plant and substances including lead paint; (e) any confined space including lifts and lift wells; and (f) any walls, barricades, hoardings, stairs and railings that may pose a fall hazard.

DR A FT

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT

The Property, Stock and Business Agents Act 2002 (NSW) and Regulation requires all Agent's instructions to be in the form of a written agreement.

iii

The Principal acknowledges, so far as reasonably practicable, that the Principal has thoroughly inspected the Premises prior to lease and that the Premises is: (a) without risk to work, health and safety Yes No OR (b) subject to the risks and controls as advised by the Principal to the Agent in writing Yes No

iv The Principal shall authorise the Agent to remedy on behalf of the Principal and at the Principal's cost any issue arising during the course of the lease which is considered an imminent threat to work, health and safety.

Principal's Authority 30. The Principal warrants that the Principal has authority to enter into this agreement.

Premises Fit for Residence 31. The Principal warrants that there is no legal impediment to occupation of the Premises as a residence at the time of entering this agreement and will notify the Agent immediately if any legal impediment to the occupation of the Premises arises during the term of this agreement.

Smoke Alarms 32. Without limiting the generality of Clause 31, the Principal warrants that the Premises comply with the Environmental Planning and Assessment Amendment (Smoke Alarms) Regulation 2006 (NSW).

Water Efficiency Measures 33. Do the premises contain the water efficiency measures prescribed by the Residential Tenancies Act 2010 (NSW)?

Yes No Don't Know Note: If the prescribed measures are not installed, the landlord may be prevented from recovering water usage charges from the tenant.

Service and Signing 34. The Principal acknowledges being served with a copy of this agreement.

35. If the Agent causes this agreement to be electronically signed by way of a third party or electronically served on the Principal by a third party on the Agent’s behalf, the Principal agrees that: i the Principal’s electronic signature and initials created for the purpose of signing this agreement will be the electronic representation of the Principal’s signature and initials for all purposes when the Principal electronically signs this agreement, just the same as a pen-and-paper signature or initial; and ii the Principal’s electronic receipt of this agreement, signed by the parties, constitutes service of this agreement and satisfies all requirements of section 55(1)(c) of the Property, Stock and Business Agents Act 2002 (NSW).

Principal: If I sign this agreement electronically, I agree to be legally bound by the terms of this agreement Signature of Principal

Date

Name of Principal Signature of Principal

Date

Name of Principal Agent: If I sign this agreement electronically, I agree to be legally bound by the terms of this agreement Signature of Agent

Date

Name of Agent 1st Copy: Agent's copy.

2nd Copy: Principal's copy.

000002168436

COPYRIGHT MARCH 2017 Originated and distributed by and printed and produced for the Real Estate Institute of N.S.W. in whom exclusive copyright vests.

WARNING Unauthorised reproduction in whole or in part is an infringement of Copyright.

PAGE 6 OF 8 FM00100 - 03/17 www.reinsw.com.au

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT (RESIDENTIAL) The Property, Stock and Business Agents Act 2002 (NSW) and Regulation requires all Agent's instructions to be in the form of a written agreement.

SCHEDULE Council Rates Water/Sewerage Rates

INSURANCE Company Broker/Agent Other Information

INSURANCE POLICIES Name of Insurer

DR A FT

SCHEDULE

DISBURSEMENTS & PARTICULARS

Policy Number

Date Due

Building

/

/

Contents

/

/

Landlord's Protection

/

/

Other

/

/

STRATA DETAILS Strata Plan No.

Lot No.

Garage Lot No.

Strata Management Agent Address

Postcode

Phone: Work

Home

Mobile

Fax

Email

STATEMENTS Statement in name of Forward to

Name

Address

Postcode

Email

Copy to

Name

Address

Postcode

Cheques payable to OR

Bank to the credit of

Account Number

BSB

Bank

Branch

1st Copy: Agent's copy.

2nd Copy: Principal's copy.

000002168436

/

COPYRIGHT MARCH 2017 Originated and distributed by and printed and produced for the Real Estate Institute of N.S.W. in whom exclusive copyright vests.

WARNING Unauthorised reproduction in whole or in part is an infringement of Copyright.

PAGE 7 OF 8 FM00100 - 03/17 www.reinsw.com.au

EXCLUSIVE MANAGEMENT AGENCY AGREEMENT (RESIDENTIAL) The Property, Stock and Business Agents Act 2002 (NSW) and Regulation requires all Agent's instructions to be in the form of a written agreement.

PRINCIPAL'S REPRESENTATIVE

Address Postcode Phone: Work

Home

Email

Fax

PRINCIPAL'S SOLICITOR Name Address Postcode

DR A FT

SCHEDULE

Name

Phone: Work

Home

Email

Fax

SPECIAL INSTRUCTIONS

Principal: If I sign this agreement electronically, I agree to be legally bound by the terms of this agreement Signature of Principal

Date

Name of Principal

Signature of Principal

Date

Name of Principal

Agent: If I sign this agreement electronically, I agree to be legally bound by the terms of this agreement Signature of Agent

Date

Name of Agent

1st Copy: Agent's copy.

2nd Copy: Principal's copy.

000002168436

COPYRIGHT MARCH 2017 Originated and distributed by and printed and produced for the Real Estate Institute of N.S.W. in whom exclusive copyright vests.

WARNING Unauthorised reproduction in whole or in part is an infringement of Copyright.

PAGE 8 OF 8 FM00100 - 03/17 www.reinsw.com.au

Looking for insurance for your rental property?

We’ve got you covered.

Insuring your property is easy with RentCover RentCoverUltra is designed to help investment property owners like you avoid costs that can undermine the value of your investment, like lost income, repairs, legal fees and even payouts for liability claims that may be made against you.

If your investment property is a single dwelling such as a house, combining landlords’ insurance with home and contents insurance for your property by using RentCoverPlatinum makes great sense.

Pet Damage

Accidental Damage

Fire

Up to $65,000 Pets not named on lease Damage caused by pets covered under the Accidental Damage section of the policy.

Up to $65,000 Includes Deliberate & Intentional

Avoid the risk of total loss Includes arson by the tenant

Excluded under most policies, allows for events from wine spills to damage by kids and more.

Some policies will not pay when a fire is started deliberately by the tenant, can you afford the risk?

Flood

Loss of Rent

Storm/Water Damage

Up to $65,000 (Ultra) Up to Sum Insured (Platinum)

From 6 weeks to 52 weeks No excess Default of rent, broken leases, denial of access, defined events. Cover for almost every situation.

Damage from wild events Overflowing basins

Malicious Damage

Hardship

Legal Expenses

Up to $65,000 One excess only Damage caused maliciously by tenants to your property covered with just one excess applying.

Up to 6 weeks Tenant allowed out of lease When the rental agreement is legally terminated and the tenant is not held at fault.

Up to $5,000 Includes court/tribunal costs

Drug Lab Cleanup

Death of a Tenant

Liability

Up to $65,000 Includes resulting contamination

Due to murder/suicide Death of a sole tenant

Up to $30 million Tenant injury or other loss

Cover for damage caused by a meth lab or a hydroponic set up which can run into the tens of thousands of dollars.

The death of a tenant can create a range of difficulties for a landlord, cover provided up to 52 weeks.

The risk of being sued by a tenant over an injury or other loss is very real, and the costs can be crippling.

Protection against flood damage is automatically included for all new and renewal policies.

RentCoverUltra Premiums*

*

NSW

$363

SA

$275

Vic

$305

ACT

$330

Qld

$305

Tas

$255

WA

$275

NT

$355

Whether a tree destroys your home or a bath simply overflows, wide ranging events are covered.

Time at tribunal minimising a loss can be expensive, cover ensures you are not out of pocket.

Applying for RentCover is easy and fast!

Apply online at www.rentcover.com.au, call 1800 661 662 or complete the application form on the reverse side of this flyer and fax or post it to us.

Premiums correct as of 12/08/17. RentCoverPlatinum premiums subject to application.

1800 661 662 | F: 1300 794 773 | enquiries@rentcover.com.au | www.rentcover.com.au Elkington Bishop Molineaux Insurance Brokers Pty Ltd | ABN 31 009 179 640 | AFSLN 246986 | Est 1975

Follow one of the below steps to apply and get covered in no time at all.

Apply Online

Call us

To get a quote or arrange cover immediately, visit us at www.rentcover.com.au and complete the online application.

Write to us

To speak to one of our friendly consultants, call us on 1800 661 662.

You can discuss the cover as well as arrange the policy over the phone.

Complete the application form below and fax or post it to us at: 1300 794 773 PO Box 879, Hawthorn VIC 3122

We are committed to protecting your privacy. We use the information you provide to advise about and assist with your insurance and/or financial planning needs. We only provide your information to insurance companies, underwriting agencies, wholesale brokers, premium funders and other companies with whom you choose to deal (and their representatives). We do not trade, rent or sell your information.

If you don’t provide us with full information, we can’t properly advise you, seek insurance terms and you can breach your duty of disclosure. For more information about how to access the personal information we hold about you, how to have the information corrected or lodge a complaint, ask us for a copy of RentCover’s Privacy Policy or visit our website www.rentcover.com.au.

Owner's Details: Name in full:

Postal Address: State:

Phone:

Post Code:

Email:

Yes, I would like the FSG, PDS and Policy Wording sent to the above email

Insurance Details: Quote Number: (if applicable)

Quote Amount: $

Insured Property Address:

Weekly Rent: $

NB: Rent higher than $1,500 per week will attract a higher premium.

Name of Managing Agent: (if applicable)

Suburb:

Please answer the following questions to arrange insurance:

YES

NO

1. Is the Property fully furnished? NB: Fixtures and fittings included in standard policy. a. If yes, would you like cover for your non-fixed contents against Accidental & Malicious Damage by the tenant (additional premium payable)?

2. Will the property be sublet? NB: We cannot provide insurance if you are subletting the property.

3. Is there one lease in place that meets legislative requirements and the person(s) named on the lease are residing in the property?

RentCoverUltra for landlords & contents

4. Please indicate your preference by ticking the required box:

RentCoverPlatinum for landlords, contents & building

If you selected RentCoverPlatinum, please answer the following questions: 5. What is the replacement cost of the Building (Sum Insured)? (Including outbuildings & all landlords fixtures & fittings but not floor coverings nor window treatments) $ Brick Other

6. What are the walls made from: 7. Age of Building

year(s) YES

NO

a. If over 70 years, has the property been rewired and replumbed in the past 35 years? b. If over 70 years, is the property heritage listed?

8. Is the property under 10 acres of land?

9. Nominate a mortgagee:

By signing below I confirm that: • There is no existing problem which has already occurred or is currently occurring (RentCoverUltra or RentCoverPlatinum will not cover claims for problems which have already commenced).

• The rent is currently up-to-date.

• There is a bond held on the property equivalent to a minimum of 4 (four) weeks rent, or if there is no existing tenant I understand that a bond must be collected equivalent to a minimum of 4 (four) weeks rental value prior to the tenant occupying the property.

• Any common areas at the property, such as driveways, foyers or hallways will not be covered. Where we are covering the building, in the event of a claim, common walls will only be covered up to 50%.

• I have a duty of disclosure, which means that I need to tell EBM any information that may alter the underwriter decision to place cover on my property.

• I have received a copy of and have read and understood the Financial Services Guide, Product Disclosure Statement (PDS) & Policy Wording.

• I am aware that any collection of personal information is used in accordance with EBM’s Privacy Policy. Further information is available at www.ebm.com.au

My cheque is enclosed (payable to EBM)

Visa

Mastercard

Card No: Expiry:

/ /

/

CVV/CVC No:

/ (on back of card)

Please debit my rental account (and renew annually via the same method until otherwise advised in writing) Signature of Owner:

Date:

Commencement Date:

Elkington Bishop Molineaux Insurance Brokers Pty Ltd (EBM) issue the product on behalf of QBE Insurance (Australia) Limited. This brochure contains general advice only so please refer to the Product Disclosure Statement when deciding whether the insurance suits your needs – a copy can be found on our website (www.rentcover.com.au) or by contacting 1800 661 662.

RERCA4001-170727

Please debit my credit card as detailed:

12

Most common pitfalls when insuring your rental property

An Introduction The simple fact that not all insurance is the same makes it extremely difficult to weigh up the benefits of one policy versus another, and so often the glossiest brochure or the cheapest price wins out.

When it comes to insuring a residential rental property the differences between policies can be quite amazing. With over 25 years experience in landlord insurance, Brett Clarke will help identify some key mistakes that are made all too often.

Brett Clarke Dip Fin Serv (Broking) QPIB National Marketing & Development Manager

12 most common pitfalls when insuring your rental property.

1

1.

Buying on price alone Like any business, Insurers are out to make a profit, effectively by paying out less in claims than they receive in premiums. Although price must always be considered as a factor in your buying decision the reality is that in all likelihood, cheap cover is likely to represent poor value when it comes to making a claim.

The adage “When you pay too much you may lose a little, but when you pay too little you may lose a lot” has never been so true as it is with landlord insurance. The number one priority must always be to ensure the right cover is being obtained, you should look to obtain “value” rather than “cheap”.

If there are risks that won’t be covered, make sure they’re risks you are willing to wear yourself should a loss occur.

12 most common pitfalls when insuring your rental property.

2

2.

Deliberate fire by tenants Believe it or not some Insurer’s will tell you they will not pay claims if a tenant has deliberately started a fire on the grounds that they exclude “malicious damage by the tenant”. This is often simply a case of companies not understanding their own policies well enough, however when it comes to the risk of a total loss (your property burnt to the ground) you simply cannot take any chances.

One simple question of “do you pay a claim where the tenant maliciously sets fire to my property” should give you some peace of mind, or tell you to look elsewhere.

12 most common pitfalls when insuring your rental property.

3

3.

Excesses When you make a claim there will often be a portion that you must pay (known as the excess) before the claim is paid. Some Insurer’s charge ridiculous excesses which may almost render a claim worthless.

Particularly watch out for those policies that charge an excess on Loss of Rent claims, you will benefit far more on policies that have a nil excess on loss of rent, and reasonable excesses on damage claims.

Ideally the policy should allow your bond to be used to pay the excess.

12 most common pitfalls when insuring your rental property.

4

4.

Underinsurance Whether it be replacement of the whole building, your contents, or simply the risk of rent loss, your cash flow and assets are the lifeblood of a successful investment.

Saving a few dollars by insuring for less than the true replacement value is simply ridiculous, and remember, insurance for your rental property is generally tax deductible.

12 most common pitfalls when insuring your rental property.

5

5.

Malicious Damage by the Tenant 10 years ago very few policies covered Malicious Damage by the tenant, today there are far more with it included but it is something to check carefully as the limits and excesses can vary considerably.

The consequences if not included can be quite horrific.

But read on for the catch...

12 most common pitfalls when insuring your rental property.

6

6.

Accidental Damage Here’s the catch.

To prove Malicious Damage you will generally require a police report, and technically you may need to prove that a tenant caused the damage with malicious intent, meaning that their sole aim was to cause damage to your property.

Look for a policy that has Accidental Damage, or at the very least includes “deliberate and intentional” which at least broadens it a little. Also ensure the Accidental Damage clause applies to both the building and contents, some Insurer’s limit it to contents leaving you exposed in major situations.

12 most common pitfalls when insuring your rental property.

7

7.

Check the Qualifying (or disqualifying) rules Some policies will make putting a policy in place very technical, although you may not find this out until you go to make a claim, unless you’re an expert on fine print. Some policies require the tenant to not have been in arrears at any stage during the preceding two months where a breach notice could have been issued, or else some cover may be restricted.

Look for a policy that keeps it simple unless you are 100% sure of your tenants history in strict accordance with both the legislation and the policy conditions.

12 most common pitfalls when insuring your rental property.

8

8.

Check for complete cover Policies vary in the way they cover your property.

If you have a house you may need two policies, a building defined events policy as well as landlord policy.

Some of the combined policies that have hit the markets in recent years may fall well short of the mark when it comes time to make a claim, so don’t be fooled by the lure of the “big name” Insurer and the promise of a low price, there’s generally a reason the premium is so attractive.

That’s not to say combined policies are no good, just be sure it is a “genuine” landlord policy and not simply a pumped up household policy.

12 most common pitfalls when insuring your rental property.

9

9.

Court orders Some policies talk about long periods of rent loss being covered simply for “default”, on closer inspection you are likely to find that court orders are required for anything other than the most basic periods.

That’s okay, but be sure you know what it is you’re getting so that you can make sure you get the most out of the policy conditions.

12 most common pitfalls when insuring your rental property.

10

10.

The Body Corporate already insures my property Wrong.

The Body Corporate (or Owners Corporation) may be required to insure the building and common grounds in a strata-titled property, but the moment someone steps inside your unit/townhouse, the problem is yours.

The most significant risk being that of liability should someone injure themselves inside your premises and place you at fault. The legal bills alone can be catastrophic.

These days your policy should include at least $20,000,000 liability cover. In all honesty, you can’t have too much.

12 most common pitfalls when insuring your rental property.

11

11.

Periodic Tenancies or Lease Continuation Most landlord insurance policies require the tenant to (at least) have initially been on a written lease and most likely for a fixed term. The length of the required fixed term of the agreement may vary between policies but the simple logic is that there needs to be some sort of written agreement in place for the tenant to be deemed as having done something wrong.

What has come to light in more recent years however is that some policies will not pay claims if the written lease has expired, and the tenants have simply rolled on to a “periodic lease” or “lease continuation”. This could be a major problem so needs to be checked immediately, you can’t afford to find out that you are no longer insured at the time when you try to make a claim.

12 most common pitfalls when insuring your rental property.

12

12.

When you figure out “you don’t need insurance” To say I’ve heard them all would be an understatement.

“My tenant has been there for 6 years and I’ve never had a problem” – that’s until the job loss, or the illness, or the marital dispute. “That’s what I pay my property manager for, to make sure I don’t have problems” – and property managers are generally clairvoyants that can foresee all the problems that happen in people’s lives.

Insurance is what we call a “grudge buy”, nobody wants it, but you’re running a business, and to not protect yourself is just plain dumb.

12 most common pitfalls when insuring your rental property.

13

Provided to you by

The specialists in landlord insurance for over 25 years Phone: 1800 661 662 www.rentcover.com.au Elkington Bishop Molineaux Insurance Brokers Pty Ltd (EBM) issue the product on behalf of QBE Insurance (Australia) Limited. This brochure contains general advice only so please refer to the Product Disclosure Statement when deciding whether the insurance suits your needs – a copy can be found on our website (www.rentcover.com.au) or by contacting 1800 661 662.

1800 661 662 | enquiries@rentcover.com.au | www.rentcover.com.au New South Wales | Victoria | Queensland | Western Australia | South Australia Asia Australasia Alliance | Global Broker Network | National Insurance Brokers Association | Coverholder at Lloyd’s Elkington Bishop Molineaux Insurance Brokers Pty Ltd | ABN 31 009 179 640 | AFSLN 246986 | Est 1975

RERCCU016-161213

RentCover