Rules on PM keeping first week's rent
- Thread starter vdm
- Start date
As far as I know, 1 weeks rent is the letting fee, the fee you pay them to find a tenant.
Management fees are totally separate and will start from day 1 of the tenant moving in.
Is the $73 management fee for 1 week, or 1 month?
Management fees are totally separate and will start from day 1 of the tenant moving in.
Is the $73 management fee for 1 week, or 1 month?
but don't get too hurt by it, you haven't been shafted by the tenant yet! Now that won't be fair either!
Sounds more like it could be $400 + gst letting fee and $30 + gst mgmnt. (7.5% + gst)
$40 is the GST (for letting fee) and $33 is the 8.25% of $400 (first week's rent) -management fee
Yes, it is standard practice to charge the property management fee from the date the lease commences.
yes let fee in normally one weeks rent + GST
when the tenant moves in they have to pay 4 weeks bond and the first 2 weeks rent.
bond goes to the RTA first 2 weeks covers the let fee + management fees on the first 2 weeks of rent.
Its standard then you will also be hit with $5 postage for the email statement.
when the tenant moves in they have to pay 4 weeks bond and the first 2 weeks rent.
bond goes to the RTA first 2 weeks covers the let fee + management fees on the first 2 weeks of rent.
Its standard then you will also be hit with $5 postage for the email statement.
