Surfers Paradise Blog

In a perfect world of property management, it would be great if every tenant paid their rent on time and adhered to all the terms and conditions of a tenancy agreement. However, the reality is, even after the most diligent tenant selection process, changed circumstances and unexpected situations can arise, resulting in the tenant breaching their agreement for failure to pay rent.

As a property investor, it is important to understand the legislative requirements and ramifications should a tenant breach their agreement.

First and foremost, as your managing agent, we will always work towards a resolution to avoid any breach escalating to having to issue a termination notice to vacate. However, if a tenant fails to comply, we are often left with no other option than to issue a notice for failure to pay rent.

Managing a breach of the agreement can be tricky for an investor. Once you issue a notice to the tenant, you effectively terminate the agreement, request vacant possession of the property, and give the tenant permission to leave.

During the rent arrears process, some investors can request a delay in issuing a notice, which can result in the arrears debt escalating and delaying the process of gaining possession of the property.

As a managing agent, it is our focus and duty of care to minimise potential rent loss or damage to the property in all actions that we take.

If the tenant falls into arrears, we will keep you constantly updated, with clear advice of your options and then act in accordance with your instructions.