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 > 11/47 Hampton Circuit, YARRALUMLA ACT 2600

11/47 Hampton Circuit, YARRALUMLA ACT 2600

Sold

Land size: 1607.2 m²Building size: 4 m²

Bargain buying in the Inner South

This value-packed one bedroom apartment presents a fantastic opportunity for either the first home buyer wishing to enter the property market or the canny investor looking to take advantage of a strong potential rental yield. Situated on the upper floor of a small block of only 16 units nestled in a prime Inner South position with parkland opposite and just a short stroll to the lake and both Deakin and Yarralumla shops. Solidly constructed in full brick offering a smartly renovated kitchen, tidy original bathroom, durable floating flooring and new window treatments.
* Prime Inner South location opposite parkland
* Strolling distance to the lake along with both Deakin & Yarralumla shops
* Upper floor one bedroom apartment in small block of only 16 units
* Solid full brick construction
* Renovated kitchen with electric appliances
* Built-in wardrobes and ceiling fan to bedroom
* Tidy original bathroom
* Built-in shelving unit in living area
* Double blinds living and bedroom windows
* Floating laminate flooring
* On-site shared laundry facility
* Allocated open off-street car parking space
* Estimated rental potential of $290 per week
* Body corporate levies – $293.60 per quarter
* Sinking fund contribution – $108.80 per quarter