How often can you increase the rent?

Rent cannot be increased at intervals of less than 12 months. Landlords must give tenants at least eight weeks’ written notice of a rent increase. In a fixed-term lease, the increase date must be outside the term dates.

How will you find the perfect tenant/s for my property?

Our leasing consultant will meet all potential tenants when conducting open homes for the property. Our leasing team will then closely assess whether the property will be a right fit for those who have applied for the property. Once the applications have been processed and the references have been called for each, we take all applications to the owner, who will decide which applicant to approve of living at the property.

How many routines can be conducted yearly?

A landlord is allowed to inspect a property twice every 12 months. The landlord can also conduct an inspection within the first month of the tenancy and within the last month.

What maintenance is the tenant responsible for, and what is the landlord responsible for?

If there is a noticeable impact or damage that has occurred during a tenancy, it usually falls under the tenant. General upkeep, such as a globe, also falls under the tenant. If the damage falls under general wear and tears due to ageing, this will fall under an owner to repair. However, maintenance can always be a grey area, so it is best to ask your property manager first.

How much notice must a tenant provide if they are on a periodic tenancy?

A periodic lease is a month to month. In the ACT, tenants are only required to give 21 days’ notice in writing.

What is the process if my tenant requests to keep a pet at the property?

If the tenant requests to keep a pet at the property, they must write to the lessor to ask for consent. If the lessor refuses to consent, they will be required to apply to the ACT Civil and Administrative Tribunal for approval.

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Properties > Yarralumla > 32 Banks Street, Yarralumla ACT 2600

32 Banks Street, Yarralumla ACT 2600

Sold

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EER0.0

Land size: 764 m²Building size: 102 m²

Renovate, extend or start again!

Occupying an enviable position on a level (764m2) block, overlooking Forestry oval, within an easy stroll to Lake Burley Griffin, local shops, cafes and amenities, this C1950’s freestanding cottage offers a rare opportunity to secure a premium position, in arguably one of Canberra’s most prestigious suburbs.

Offering exceptional potential and the chance to capitalise on your creative vision, this single level residence is currently presented in predominantly original condition, providing the new owners with a myriad of options and future possibilities.

For further details contact Rick and Tina Meir on 0408 588 770

Attributes;
*Outstanding location close to popular amenities
*Overlooking green space (Forestry Oval)
*Walking distance to Lake Burley Griffin
*Local shops 0.3km (approx)
*C1950’s cottage
*Updated kitchen
*Electric cooktop
*Electric hot water
*Separate living areas
*Excellent potential and future possibilities
*RZ2 Zoning

Block 19
Section 63
UV: $1,206,000 (2019)
Land tax only applicable if tenanted