Hi guys
I'm about to convert my PPOR townhouse to my first IP and have a PAMD 20a form to fill out. It's almost as daunting as signing my first PAMD 30c. Anyway, I have a few questions about filling out this form.
1. A PM had 90% water is paid by tenant and 10% by landlord to avoid getting the waterwise certificate. Is this advisable?
2. Do you let the PM pay body corp/rates/insurance? If not, why not?
3. I'm putting $0 for part 6.3 - max value to be paid by agent without approval. Should I do this or put a lowish limit?
4. I'm also allowing small pets and tenants to pay for damages caused by their pets. Are there anything else I should add to this apart from subject to body corp approval?
5. Should I also put in a tenancy condition where tenants pay for "no fault found" maintenance requests?
6. Are there any standard special conditions you guys normally add or wished you've added?
Thanks
I'm about to convert my PPOR townhouse to my first IP and have a PAMD 20a form to fill out. It's almost as daunting as signing my first PAMD 30c. Anyway, I have a few questions about filling out this form.
1. A PM had 90% water is paid by tenant and 10% by landlord to avoid getting the waterwise certificate. Is this advisable?
2. Do you let the PM pay body corp/rates/insurance? If not, why not?
3. I'm putting $0 for part 6.3 - max value to be paid by agent without approval. Should I do this or put a lowish limit?
4. I'm also allowing small pets and tenants to pay for damages caused by their pets. Are there anything else I should add to this apart from subject to body corp approval?
5. Should I also put in a tenancy condition where tenants pay for "no fault found" maintenance requests?
6. Are there any standard special conditions you guys normally add or wished you've added?
Thanks