Your Rental Property Practitioner
Category Rental Articles
The primary role of a rental property practitioner is to find a suitable tenant and secure a lease agreement to fill a particular rental property.
These days it is increasingly common for landlords to also contract the services of a rental agent to manage their property beyond merely just sourcing a tenant.
All rental property practitioners must be registered with the PPRA (Property Practitioner's Regulatory Authority) and be in possession of a valid Fidelity Fund Certificate.
The property practitioner will inspect the property and obtain a mandate from the landlord to either source and place a tenant, or it can also include management of the property on an ongoing basis.
The property practitioner will give advice in terms of the correct rental rate for the property to ensure that it attracts a good calibre tenant. He or she will undertake the marketing of the property which would include photographing it as well drafting a description.
Then the property practitioner will advertise or list the property and screen tenants followed by vetting and credit checks and preparing a shortlist for the landlord's consideration.
Once a suitable tenant is selected, the property practitioner will draw up a lease agreement for the tenant and landlord's signatures.
The agreement will include aspects such as the occupation date, conditions of occupation, duties and obligations of the landlord and tenant, the monthly rental and duration of the lease.
The property practitioner will also arrange for the tenant to pay the security deposit as well as the first month's rent in advance and will brief the tenant on any particulars relating to the property.
The agent will also provide ongoing assistance to the landlord and tenant and attend to any queries or issues that they may have.
If the tenant chooses to vacate, the agent will attend to the various vacating procedures including the outgoing inspection and arranging repairs and a refund of the deposit (with interest) paid.
Contact us for more information on managing your Rental Property and take care of everything for you.
Author: Gina Meintjes
