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Empower Wealth Blog post by Empower Wealth

Basic Rental Property Obligations

Although this would appear as common sense to all my landlords, it’s still important that one understands their obligations when it comes to letting out a property for rent. Under the act governing the letting of property the landlord has certain obligations, the most important of which is that the property being let is in a condition that would allow it to be let – meaning in good / safe condition for someone to inhabit the property.

On the tenant side of things – the same rule applies in that the tenant must maintain the property in the condition that the property was presented to them, less what we refer to as general wear and tear.

So the key message is safety and good condition to be inhabited and that the property is looked after by the tenant. If this is handled professionally and amicably by all parties, then it should be a win/win for all.

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