Making the move to expand your investment portfolio and lease a property can be a daunting decision – sometimes it feels like venturing into the unknown. Before making the commitment and accepting your first tenants, it’s a good idea to get an understanding of what being a landlord is really like.
When a property is presented to a new tenant, or when a tenant vacates a place, there is a legislative requirement (as well as the common courtesy) that the property is ‘reasonably clean’. However, this term can be confusing – as ‘reasonable’ is a fairly subjective term. We’ve certainly seen great variance in how people interpret this guideline; so what can you do – whether you’re a tenant or an owner – to avoid a problem here?