FAQs

If you find yourself locked out, lose your keys or in some other way require the office copy of the keys to your property, you will be asked to pay a bond of $100.00. (Note: an office copy of your keys is not always available). This bond will be returned to you once you have returned the keys. For more info on borrowing keys, click here.

Prudential Real Estate offices are open Monday to Saturday, 8:45am to 5:00pm with the exception of public holidays. Please find our office details below.

Campbelltown: 02 4628 0033 | campbelltown@prudential.com.au

Liverpool: 02 9822 5999 | liverpool@prudential.com.au

Macquarie Fields: 02 9605 5333 | macquariefields@prudential.com.au

Narellan: 02 4624 4400 | narellan@prudential.com.au

When you sign your Residential Tenancy Agreement, you enter into a legally binding agreement. The primary requirements of your agreement include:

1. To pay your rent in advance and on time
2. To pay water usage charges; and
3. To maintain your property in a clean and tidy fashion at all times.

Should you fail to fulfil your obligations, your property manager will enforce the owner’s rights under your rental agreement. If you have any difficulty meeting these requirements you should contact your property manager to discuss your concerns.

Rent payments at Prudential Real Estate are made via direct debit only.

At the time you signed the Residential Tenancy Agreement you also signed a direct debit form which allows us to take rent and water usage charges from your nominated bank account. We do this every Thursday and you should see the debit from your account on Friday morning. On very rare occasions, our bank’s servers fail to process our request to debit our tenants accounts and the request is held over until Friday. When this occurs we will do our best to inform you.

When rent is withdrawn from your account our bank will notify us within 2 days and a receipt will be issued in your name for the payment amount. These receipts are filed electronically at this office until such time as you request them.

Should there be an occasion when your account has insufficient funds to cover the payment of rent your bank will debit your account with a dishonour charge – generally in the vicinity of $45.00 or more depending on your bank.

Unfortunately direct debits cannot be deactivated so if you are having any difficulty meeting your rental commitments please contact your Property Manager at any time.

Water usage accounts will be forwarded to your primary email address every three months as the account falls due. 

You are required to pay the excess water usage charge within 21 days of the account reaching you. We manage this payment for you by debiting your usual bank account at the same time as we debit your rent 21 days after sending an email notification to you. NOTE: All notifications are now sent via email, so make sure you check your inbox!

Read more about receiving written communication at your primary email address by clicking this link.

You can move in:

• Once the previous tenant has vacated and our inspections are completed; and,
• After your application has been approved; and,
• After all lease documents have been signed: and
• After the owner has provided a permissible MOVE IN date
  

Our staff can provide more accurate details when you attend at the open house

At Prudential Real Estate we send notifications via email. This means that as a tenant you will need to check your email inbox regularly to ensure you do not not miss out on important updates.

If you change your primary email address from the one you gave us when you first moved in to your rental property, please let us know so that we can keep you in the loop.

At the time you signed your Residential Tenancy Agreement you also agreed to have our FOR LEASE/ LEASED BY sign displayed at the front of your leased property for a minimum period of four (4) weeks. 

You are responsible for the sign so please advise us if the sign becomes damaged. We will collect the sign in the fourth week after your tenancy begins.

Prudential Real Estate provides a no-cost service to all our clients for the connection of a range of utility services including;

• Electricity
• Gas
• Phone
• Broadband
• Foxtel
• Insurance
• More …

If you’re moving soon, head to our Prudential ASSIST portal. Just tell us what you need and we’ll take care of the rest!

If you are considering applying for an available rental property our staff will inform you at the open house if the property is also for sale.

If you are an existing tenant in one of our rental properties, and the landlord has made a decision to sell, you’ll be advised as soon as possible.. We will call you and / or email you to inform you of the landlord’s intentions and will set a time to discuss the arrangements for the sale of the property, including open house times, marketing etc.

Click here for more info on what happens when your rental is for sale.

It’s an unfortunate reality that no happy tenant wants to hear; your landlord is selling up the very abode you’ve made a home of. But before you jump on Google and pack your bags, it’s important to know your rights as a tenant. 

Click here for quick tips on what to do if your rental is for sale.

The Property Condition Report is a report attached to the Residential Tenancy Agreement, describing the condition of the property on the day you move in. It is also used to assess any deterioration of the property during your tenancy.

Your property manager prepares the Property Condition Report and as the tenant you have an opportunity to agree or disagree with the comments made by your property manager. The report contains instructions you can follow to ensure your opinions are recorded.

You should complete and return your report to your property manager within the first 7 days of your tenancy.

If you like where you are living and do not wish to go through the process of securing another property, it’s a good idea to approach your property manager before the expiry of your lease and ask if you can extend your stay. This is your opportunity to secure your property for a new term which prevents your landlord from evicting you.

As all Residential Tenancy Agreements have a start and finish date, when yours expires you’ll move into a week-to-week arrangement where you can continue to occupy the property, but can be asked to leave without reason and with as little as 90 days to vacate (or as little as 30 days if the landlord decides to sell).

It’s super quick and easy and can be done from your phone! See our step-by-step guide and everything you’ll need by clicking here. 

To view the New Tenant Checklist from Fair Trading NSW, click here.

We have a property alerts system to keep you up-to-date! All you have to do is register by clicking here.

Generally if a property owner allows pets in their property, this will be stated in the online property advertisement.

If you are currently living at one of our rented properties and would like to have a pet, you must first request permission from your landlord. Simply contact your property manager by email to submit your request.

As part of our commitment to the owner of your rented property, our office conducts regular inspections of all of our rented premises.

The first inspection will generally occur within the first 90 days of the commencement of your tenancy. After this, they typically occur every 3 to 6 months as directed by the landlord. 

Once your property has been scheduled for one of these periodic inspections we will inform you by email with at least 7 days notice. You are welcome to be in attendance at these inspections, as is the landlord who will often come along to inspect the condition of the property.

If you are unable to be there at the time, don’t be concerned. Our staff will be happy to use the office copy of the keys to access the property and will be sure to lock up properly as they leave.

We advertise all our rental properties on our website. You can see all the currently available properties here.

Once you find one you like look for the BOOK AN INSPECTION TIME button. Click this button and you will be taken to the booking page where you can select a day and time that suits you

Contact our office if you have any questions!

Moving soon? Try our free service Prudential ASSIST to avoid ‘moving stress’! Click here for full details.

If you’re planning to vacate and move, there’s a couple of things you need to consider before packing your bags –  click here for our step-by-step guide.

Your initial lease term will be either 13 or 26 weeks depending on your landlord’s instructions. Generally we do not allow longer lease terms. If you are a current tenant, please check the front page of your Residential Tenancy Agreement where you will find the lease term.

You can view a copy of the current RESIDENTIAL TENANCY AGREEMENT by clicking this link.

As a tenant you are not responsible for what is termed fair wear and tear at your rental property.

‘Fair’ means the deterioration that occurs over time, even though the rental receives reasonable care and maintenance. Deterioration can be caused by exposure, time or just by ordinary use. You are only liable for negligent, irresponsible or intentional actions that cause damage to the premises. Here are some examples that explain the difference:

Fair wear and tear (you are not liable)

• Faded curtains/frayed cords
• Furniture indentations on carpet
• Scuffed wooden floors
• Faded, chipped or cracked paint
• Worn kitchen benchtop
• Loose hinges/handles
• Cracks in the door from movement
• Water stain on carpet from rain leak

Damage (you are liable)

• Missing curtains or torn by pet
• Stains or burn marks on carpet
• Badly scratched or gouged floors
• Unapproved paint job
• Burns or cuts in benchtop
• Broken glass from throwing a ball
• Holes in walls from hanging a picture
• Water stains from overflowing bath

Current legislation requires each property to have a working smoke alarm.

As the tenant your responsibility is to ensure the alarm is in working order at all times. Please test your alarm regularly and certainly no less than every 3 months. If your smoke alarm is battery operated you are responsible to ensure batteries that run flat are immediately replaced with new ones.

We’ve got a comprehensive article on the difference between urgent and non-urgent repairs – click here for examples.

During office hours

For urgent repairs, please call your Prudential Real Estate office (click here for contact details) and speak with a property manager immediately. Next, lodge your repair request online here.

After office hours

1. Lodge a repair request online here.
   
   
2. If the repair is causing damage to the landlord’s property, or if it creates an unsafe environment for you or your family, please arrange to have the repair completed after hours by a qualified person. You will be responsible for the cost of the repair, which you can then claim from the landlord (limits apply) to reimburse by reporting the matter to a property manager in writing no later than the next business day.

Will the repair be reimbursed?

After a repair has been undertaken, as the tenant you must provide written notice of the repair to be reimbursed (for costs not exceeding $1000) within 14 days of the date of the repair.

Clause 19 of the Residential Tenancy Agreement states the following provisions for reimbursement:

• The damage was not caused as a result of a breach of the rental agreement by the tenant, 
• The tenant gives or makes a reasonable attempt to give the landlord notice of the damage
• The tenant gives the landlord a reasonable opportunity to make the repairs, 
• The tenant makes a reasonable attempt to have any appropriate tradesperson named in the rental agreement make the repairs.
• The repairs are carried out, where appropriate, by licensed or properly qualified persons
• The tenant, as soon as possible, gives or tries to give the landlord written details of the repairs, including the cost and the receipts for anything the tenant pays for.

You can report a repair or maintenance issue at your property at any time via our repair request portal here. 

Please note that if you report a repair in any other way except through the portal above, we cannot guarantee that your repair will be attended to in a timely manner.

If you own a Strata Titled property the issue of maintenance is split (not evenly) between you as the  owner of the property and the body corporate who is charged with maintaining the common areas of the strata complex. 

Here’s a simple rule of thumb: You are responsible for everything inside a strata titled unit (from the paint-line in) and the body corporate is responsible for everything outside your unit (from your paint-line out). This rule can vary in some circumstances so a careful reading of your strata body’s regulations is highly recommended.

See also:
Repairs and maintenance in a strata scheme – NSW Fair Trading

Responsibilities of the owner’s corporation – NSW Fair Trading

The short answer is YES.

Here’s why:

1. While we take every measure to select the best tenant for your property, no screening process can predict the future behaviour of your tenant. We can manage many parts of the tenancy but cannot be on-site around the clock to check on your tenant – this is where landlord insurance comes in.

2. Without landlord insurance, the maximum compensation you can expect when a tenant leaves your property damaged or owing rent, etc, is the total of the bond. In NSW, for an unfurnished property, this is equivalent to 4 weeks rent, e.g. $400.00 per week totalling a sum of $1600.00.

3. If your tenant stops paying rent for any reason (which may include losing their job, for example) they have to be two weeks behind with their payments before we can commence a tribunal action to recover the rent. In most cases we have to wait three weeks for a hearing and tribunal, after which the tenant is often given another two weeks to vacate or pay up all the rent owed (which they never seem willing or able to do). So, a failure to pay up means you can be out of pocket for up to seven weeks’ rent – and the bond won’t be enough to cover this.

4. Standard Home and Building insurance does not cover you against intentional damage by a tenant or loss of rent.

If a tenant damages your rental property, such that it is unable to be rented for several weeks, a good landlord insurance policy will cover you for (all or part of) the period of restoration.

But which company offers the best cover?

After processing hundreds of landlord insurance claims for our clients for over three decades, we can assure you the only worthwhile landlord insurance policy comes from a specialist such as;

• EBM Rent Cover
• Terri Scheer

Your instructions to us as your agent are contained in a document called a ‘Management Agency Agreement’.

Since 1981 real estate agents in NSW have been prevented from acting for a property owner unless this document has been properly completed and signed by both the owner and the agent.

Consequently, we cannot advertise your property or show a prospective tenant through your property until the managing agency agreement has been signed and the work you expect from us has been clearly described.

In short, it’s a team comprising up to three property managers that we allocate to manage your rental property at Prudential Real Estate.

Your team or POD is responsible for looking after every aspect of your property as well as the relationship with the tenant.

We developed this system at Prudential Real Estate to ensure that

• all members of the team understand and are familiar with your property, and 
• someone is available at all times to speak to you, should you have a question or concern about your property.

While a good real estate agent puts in place systems to manage a property successfully and with complete ease for the landlord, the likely outcome is that it often leaves the landlord questioning, this is easy, I have a great tenant… can’t I just do it myself? 

But our value as your agent doesn’t only arise when you have an ‘uncooperative’ tenant. Consider that there are challenges likely to arise with even the best tenant, such as if they were to lose their job, have a domestic issue, fall ill or experience misfortune. While it’s a challenge of financial difficulty, the result is the same in the end – a tenant who can’t pay rent, adding up to a huge loss for you.

It’s in these common situations that it really does pay to have an experienced agent who can represent you, should you need to defend yourself at a tribunal. Consider that representing yourself against a tenant will require taking time off work as well as a struggle with loss in rent, a vacant property or in some instances, a property left badly damaged.

In all of these instances, Prudential Real Estate can not only make a convincing case on your behalf (which you may otherwise have lost), but can prevent you from even further loss from your property sitting vacant by finding a great tenant. And with the single largest rental property portfolio in South West Sydney, we can lease your property quickly.

Many of the properties we manage were once the homes of our clients. Some move interstate, overseas to work, closer to family or experience a change of circumstances. 

When you want to move back to your home we are happy to assist you. The important thing to consider is it’s not as simple as asking your tenant to leave; our role is to advise and give the lawful notice periods, which much be adhered to should you wish to return to your property. Generally, the following notices apply:

• If your tenant is in a fixed term agreement, 30-days notice must be provided and that 30-day period must expire after the end of the fixed term.

• If your tenant is in a periodic agreement (when the original term, usually 6 months, has expired) then a 90-days “no-grounds” notice will be required.

Although we can ask your tenant to vacate earlier than these notice periods the tenant has the right to stay until the end of the period. Moreover, if they choose to move earlier than the end of the notice period, rent can only be charged until they hand in their keys.

Once you hand over responsibility for the professional management of your property to us it is in your best interests that you do not contact your tenant. 

New landlords commonly make the mistake of visiting their rental property once a new tenant has taken up residence to check up on things. Before long they have exchanged phone numbers (or addresses) with the tenant, and that’s when things can run off the rails. Quite often the tenant will take this as a cue to contact the landlord should they have a repair, concern or complaint to make about their tenancy. 

To prevent unnecessary hassle and contact between you and your tenant, it pays to leave your agent to represent you in all circumstances to do with your property.

In sum, the law states that we cannot discriminate against anyone based on the following criteria:

• race (colour, nationality or descent)
• sex (male or female)
• pregnancy
• marital status (e.g. singles or unmarried mothers)
• disability (physical, intellectual or psychiatric disability)
• homosexuality (both gay and lesbian)
• age (both young or old)
• transgender (transsexual).

Prudential Real Estate will refuse to take instructions from any client who asks us to discriminate against any applicant for a rental property. You can find out more about discrimination and the law on Fair Trading NSW’s website: Discrimination when renting.

In the Residential Tenancy Agreement, the landlord or agent can enter the property under the following conditions during a tenancy:

• In an emergency (this includes entry for the purpose of carrying out urgent repairs),
• If the Tenancy Tribunal (NCAT) so orders,
• If there is good reason for the landlord to believe the premises are abandoned,
• If there is good reason for serious concern about the health of the tenant/occupier,
• To inspect the premises (after having issued a 7-day written notice to the tenant),
• To carry out or assess the need for repairs (after having issued a 2-day written notice to the tenant), 
• To carry out or assess the need for work related to health and safety obligations (after having issued a 2-day written notice to the tenant),
• To show the premises to prospective tenants with reasonable notice given to the existing tenant/s (during the last 14 days of the agreement).
• To value the property (after having issued a 7-day written notice to the tenant),
• If the tenant agrees in any other circumstance, and 
• If the property is for sale (in accordance with clause 20,21,22 of the agreement).

If you would like to inspect your rented property, please contact our office to ensure we provide the correct notice to the tenant.

When a tenant moves into your property we typically provide two copies of every key to the tenant (one set for each adult is the normal arrangement). We also require an additional set to store at our office in the case of an emergency, plus your original set in a separate, locked location at our office.

As the owner of the property you should also retain a full set of keys.

This means you need five (5) full sets of keys before we can let your property to a tenant – one set for you, two for us and usually two sets for the tenant.

Each of these keys should be tested to ensure they work correctly, as well as locks to ensure they provide adequate security. 

All keys provided to the tenant are photographed before the tenant takes occupation of your property. This record is compared to the keys that are returned to us when the tenant vacates, so we can keep track of your keys from one tenancy to another.

The purpose of the rental bond is to compensate you for loss should the tenant leave your property dirty, damaged or owing rent.

The  rental bond however is often not enough to cover serious loss of rent or damage. Therefore recommend that all landlords obtain insurance coverage to ensure losses are minimised or eliminated all together.

See Fair Trading NSW: Taking a Bond

When we list your property for lease, tenants can easily apply to rent it via our simple and straightforward online system. We’ve streamlined this system so that our landlords can benefit from reduced vacancies between tenancies.

Once the online application has been completed, our leasing team check every item and subject the application to a tenancy scoring system that selects the best tenant. The purpose of this is to check their supplied documents and identify the likelihood of a successful tenancy in your property. The tenant will also be invited through the online system to inspect your property to ensure it matches their needs.

Should the tenant be successful, we will contact you immediately to allow you the opportunity to accept or reject the application. If accepted we ask the applicant to pay a holding deposit, after which we arrange for them to pay their bond (equivalent to 4 weeks’ rent) by EFT to the Rental Bond Board. When this is received and they sign their Residential Tenancy Agreement, their tenancy of your property has commenced.

The tenant is asked to keep and return the property in ‘reasonable condition’ compared to the condition of the property at the start of their tenancy – so it pays to present it in great condition from the start. Here’s our checklist:

1. Keep lawns and shrubbery trimmed and free of clutter. Keep the garden beds weeded and mulched.
2. Tidy up walkways
3. Straighten gutters or fences
4. Fix doorbells, tighten loose door knobs, and oil squeaking hinges
5. Repair broken/cracked windows and shutters
6. Shampoo the carpets and rugs and wax floors. Wash or brush walls. Wash windows and clean blinds and draperies
7. Check that bathrooms are free of soap scum
8. Clean kitchen countertops and cupboards, fix doors, handles and knobs, scrub out the “under sink” area and inside drawers.
9. Degrease the oven. Let the kitchen smell fresh and fragrant
10. Remove debris (dust, flies, moths etc.) from all light fixtures

As a general rule the maximum bond for an unfurnished property in NSW is the equivalent of 4 weeks rent. 

Although the law allows a few variations (for unfurnished properties, for example) almost 100% of properties managed by Prudential Real Estate come within the scope of this rule.

It is a breach of the Residential Tenancies Act to ask for or accept an amount greater than 4 weeks rent (unless the property falls within one of the variations as mentioned above).

Sometimes our clients ask us to accept one of their relatives or friends as a tenant in their property and insist we take no bond. This is not a breach of the Act, however, we ask, in these circumstances that you provide us with a clear written instruction.

We’ve got a comprehensive article on the difference between urgent and non-urgent repairs – click here for examples.

Call your Property Manager – you can find their contact details here.

Almost all requests are generated by tenants when they notice something is not right at their property. We also report repairs and maintenance to you when necessary as a result of our property inspection cycle.

We manage repairs with the use of proprietary online software which automatically collects and streams requests from tenants, sends out notifications to tenants and trades people and assists with the invoicing and payments of the repair process. Your property manager oversees this process for you and your tenant on a daily basis.

One of the advantages of this system is that it manages the allocation of work to qualified and properly insured tradespeople only.

The trades people engaged by our office are selected by our property management staff on the following criteria:

• Value- for-money costings
• Reliability
• Quality of work

Once the work is completed we will pay the tradesperson’s invoice by deducting the cost from your next month’s rent collections.

As a landlord, you are responsible under the Residential Tenancies Act for: 

• Installing smoke alarms in rented premises
• Accessing the rented premises to fit or maintain smoke alarms after giving the tenant at least 2 days notice

Other important information:

• Neither the landlord nor the tenant are, except with reasonable excuse, permitted to remove or interfere with the operation of a smoke alarm fitted in a rented premises
• Where a smoke alarm is of the type that has a replaceable battery, it is recommended that the landlord put a new battery in at the start of the tenancy
• After the tenancy begins, the tenant is responsible for replacing the battery if needed. 
• Fire & Rescue NSW can assist elderly tenants or those physically unable to change a smoke detector battery.

Whilst a tenant is responsible for damage and cleanliness at a rented property the owner is fully responsible for what the Residential Tenancies Act describes as “fair wear and tear”. This is natural deterioration that occurs over time such as when fixtures and fittings wear down.

You can reduce the impact of wear and tear by conducting regular maintenance at the property. Every time a tenant vacates your property we will provide you with advice as to any needed repairs and/or maintenance items we have observed and our recommendations as to any required action.

When a property is rented the tenant becomes responsible for taking good care of the fixtures and fittings at your property.

As the property owner you are responsible to make sure that all fixtures and fittings work properly. For example, a stove must have all elements working properly at all times; a toilet must be capable of being properly flushed at all times; an air conditioning unit must produce refrigerated/heated air.

If your tenant reports that any fixture or fitting has become inoperative you are responsible to have the item repaired or replaced. We can arrange a qualified tradesperson to either repair the problem for you or to provide a quote for the replacement of the item. If, on the other hand, the tenant has caused the damage to any of your fixtures or fittings, they would become responsible to undertake the repair.

If your rental property has a swimming pool then you are affected by NSW swimming pool legislation that commenced on 29 April 2016. Click here to read our latest advice to landlords.

Given that more and more people wish to own one or multiple pets (in fact, a majority of tenants), it’s worth carefully considering whether or not to allow your tenants to keep pets at your property.

Every landlord is faced with the question of potential damage caused by animals, but luckily such circumstances are rare. Should you elect to not allow pets, it should be considered that you may eliminate nearly two thirds of the potential market who might rent your property (and who may otherwise be perfect tenants), which could be a substantial loss to your property if it sits vacant.

In any case, be assured that Prudential Real Estate will honour your decision and will pursue your goal to find the best tenant with or without a pet.

Although our property managers cannot be at your rental property every day they do take care to look for tell-tale signs that the tenant may be keeping a pet in breach of their agreement.

If we think their may be a pet at the property we will investigate, advise you and, following your instructions, enforce the terms of the agreement.

When you instruct us to market your property, we arrange for:

1. Photographs to be taken with the best chosen for publication
2. An experienced copywriter to write up online and print advertisements for your property, which will be sent to you for approval
3. All images and content to be published online for prospective tenants via the following sites: 
   • prudential.com.au
   • realestate.com.au
   • domain.com.au
   • More …

Additionally, when your property becomes available to rent we notify our tenant database they can now book to view your property. Prudential Real Estate has the single largest tenant database in Sydney’s South West which helps us maintain one of the lowest vacany rates in the industry.

Most property investors will experience a vacancy at some stage – however there’s a lot that can be done to reduce your chances to very little or even no vacancy at all. See all of our tips in our blog: What EVERY landlord should know about rent vacancies

There are many places you can invest your money, and residential property certainly comes with its advantages. 

A good managing agent can reduce your risk to almost nothing.

In fact, with the use of proven rent collection systems, thorough and regular inspections, correct landlord insurance and time proven systems, many choose to invest in property above managed funds or the sharemarket because of the smaller risk associated.

Importantly, many investors are also attracted to the opportunity to add value that property presents – whether that be through renovate to resell or in leasing – that is not a benefit of any other asset. 

While we strive to achieve the maximum rent possible for your property at Prudential Real Estate, we must also balance this aim with the need to get your property rented as soon as possible. 

For example, if your rent is $350.00 per week and your property is vacant for only one week it will take 35 weeks to make up an extra $10.00 per week in rent you may be hoping for. So, both factors (best rent, least vacancy) are important when marketing your property to prospective tenants.

These 3 factors must be considered: 

1. Demand: is there a high or low demand for properties such as yours at present. This can be seasonal and affected by a number of issues.

2. What is available now: we look at all properties currently available for rent and consider their location and features for comparison to calculate a maximum rent for your property.

3. What we have rented right now: we compare your property with the properties we have currently rented, taking into account property location and features.

What if I want a rent amount that is higher?

As the owner of the property you are entitled to ask any amount of rent you wish – and we are happy to accept your instructions. However, keep in mind that it is market demand that sets the rent, and if the market (made up of all prospective tenants looking for rental properties in your area) consider the rent too high, your property may stay vacant longer than necessary. 

With this in mind, be aware your annual rental return will be reduced by 2% for every week it is vacant!

Tax depreciation is a legitimate tax deduction property investors can claim to account for the ageing of their property and assets.

If you have a question or concern relating to tax depreciation for your property, your best answer is to contact your property manager who can speak with a depreciation specialist on your behalf to find out what deductions you can claim for your property and/or assets contained within the property.

While we strive to select the most reliable tenants, there’s always a chance that some will miss or be late with payments. Because of this, your end-of-month rent payment from us may occasionally contain more or less than you might expect, which will be a problem if you require every dollar of the rent to make your mortgage payment.

To solve this problem we recommend you pay your mortgage independently from the rent payment to ensure your payments remain regular with your bank. Treat the mortgage as a regular payment and the rent as an irregular income and over a year the two will tend to balance out. On the other hand, if you rely on the rent to pay your mortgage you may well suffer unnecessary financial stress when the monthly payment is due. 

At Prudential Real Estate, our property selling systems are unique as they have been created with particular focus on serving our landlord clients.

Managing the single largest portfolio of rental properties in Sydney’s South West means that we sell a lot of rental properties for our clients – giving us a real edge in the local market. 

Importantly, we ensure your rental income continues as usual during the sale. We make certain the tenancy ends correctly, that all bond claims are properly settled and that the eventual transfer to your buyer occurs without a hiccup.

Our sales systems are designed to create a sale at the best price while also balancing the needs of your tenant, and protecting your interests under the Residential Tenancies Act during the sale. 

To find out more or start the process, get in contact with our sales team today!

At Prudential Real Estate, our role is to enforce the Residential Tenancy Agreement that the tenant has signed and our obligation to landlords is to ensure that rent is paid on time.

While for the most part this occurs like clockwork, we have also experienced cases where tenants ignore the arrangements made with the agent and landlord. The only action that can be taken in such cases is through the Tenancy Tribunal (NCAT) – a court specifically set up to resolve tenancy problems.

Should your tenant not pay rent, the law in NSW prescribes that an agent can only issue a termination notice when the tenant is 14 days in arrears. That termination notice must then allow a further 14 days to elapse before any further action can be taken. Hopefully, the tenant will pay their arrears of rent during this time – and most do – which means we would cease action. However certain situations may call for further action, which is determined on a case-by-case basis.

Please be assured that while Prudential Real Estate operates in accordance with the Residential Tenancy Agreement, protecting our landlords from any loss is our first priority. Should you have a question or concern, please get in contact with your property manager at Prudential Real Estate.

After your tenant vacates their rental property, we conduct an inspection to determine if it has been left in the same condition as it was when the tenant began the tenancy. In most cases both the property manager and the landlord will attend this inspection with the tenant present. 

The purpose of the inspection is to take note of everything that could be of concern to you, which we will highlight with the tenant on your behalf using our bond report. Once the inspection is completed, we ask all attending parties to sign the Vacating Inspection form to record our agreement.

In cases where tenants return the property in excellent condition, the bond is returned and the property marketed for lease in a short amount of time. Please note: tenants are not responsible for “fair wear and tear” or any natural deterioration of the property, in accordance with the Residential tenancies Act 2010.

We arrange to visit the tenanted property within the first 90 days of each tenancy to determine how well the tenant is looking after your property. 

This inspection results in a written report being forwarded to you, describing our observations of the property at the time of our inspection.

From this point forward, we will typically inspect the property every 3 to 6 months if the tenant demonstrates they are looking after it. Should we suspect the tenant is not fulfilling their obligations, we will conduct more regular inspections (up to 4 per year is the maximum allowed under the Act).

In every case, the regularity and outcomes of these inspections will be discussed with you, and you may also attend these inspections should you wish to keep up-to-date with any maintenance issues that may arise.

The fee an agent charges is determined by the range and extent of the services the property owner requires. For the most part, the commission charged by full-service property agents throughout Sydney is between 2% and 3% of the final sale price of the property. 

In most cases, the cost of marketing the property can vary between $1000 – $5000, but this depends on the services required by the vendor (e.g. how many photos, additional floorplans, copywriting, staging or styling, etc). 

Agents can also arrange for other services if the vendor requires them, such as mortgage brokers, solicitors, conveyancers and removalists, all of which can add to the overall cost of selling and moving to a new home. 

The best way to get an accurate cost of selling your home is to have an agent visit your property to appraise it’s value on the current market. They can then provide you with a detailed breakdown of the exact costs involved for the future sale.

To arrange an appraisal of your property, simply fill out our form here and we’ll be in touch!

In simple terms, your property is worth what a buyer will pay for it – compared with other homes in the local market.

To assess the value of your property, an experienced agent will take the following into account: 

1. The number of other similar homes currently available in your marketplace
2. The number of buyers looking for similar homes to yours in your marketplace
3. The number of sales of similar homes that have occurred in your marketplace in recent weeks and months
4. Other economic factors such as interest rates, employment rates in your area and the general movement of property prices (either rising or falling at that moment)

If you would like to arrange for an appraisal of your property, simply fill out our form here and we’ll be in touch!

The short answer is no, you don’t. But without marketing, your chances of finding a buyer who is willing to pay a great price for your property are pretty slim!

Consider that marketing serves the purpose of showing your property at its best to create a pool of potential buyers. So without it, you could be left with little to no attention on your property – resulting in no offers and your home sitting on the market for weeks or even months on end.

An experienced agent will be able to guide you on the best use of your budget in the current market, whether that is spent on styling your property, online advertising, signage and print ads or by other means. Consider that all marketing efforts increase your chances of attracting a higher offer – which in the end could more than cover the overall cost!

At Prudential we’ve got a few strings to our bow. 

1. We manage the largest portfolio of residential rental properties in Sydney’s South West – thousands. Each of these is owned by an investor, many of whom are always on the lookout for a new property – making for the single largest pool of potential buyers, who could be looking for a property just like yours!
   
2. Having operated as a family business for over 30 years, we’ve got a knack for the local market and have mastered systems of selling – without the error you might encounter with a newer or less experienced agent.

3. We’ve sold. And sold. And sold. But don’t take our word for it – just check out our Google reviews!

The short answer is that at Prudential Real Estate, you decide what price we will ask for your property.

To determine this, we will provide you with a wide variety of market indicators that will help guide our recommendation to you. These include:

1. A review of similar homes that have sold in your neighbourhood in the last few weeks and months
2. The number of buyers actively looking for properties similar to yours
3. The general movement of the local property market (rising, neutral or falling)
4. The current average “days-on-market” for properties in your neighbourhood (how long it may take to sell your property)
5. The number of similar properties currently available in your neighbourhood (your competition)
   

Once we have assessed all of the above, you will have a much better idea of a suitable asking price that will ensure an optimal sale. It will then be your decision to choose an initial asking price, followed by each of the elements in the marketing plan. 

Our offices are generally open 6 days a week, Monday to Saturday from 9:00 am to 5:00pm. 

If you are unable to make it on these days we can often arrange an appointment on a Sunday if required. Additionally, we can cater to our clients who aren’t able to meet during these hours by offering in-home and after hours appointments – it’s as simple as calling to ask!

Opening hours and days can be affected by seasonal holidays like Christmas and Easter, however we publish any changes to usual office hours online – simply follow our Facebook page for updates.

For contact details of all Prudential Real Estate offices, click here.

Opening hours and days can be affected by seasonal holidays like Christmas and Easter, however we publish any changes to usual office hours online – simply follow our Facebook page for updates.

For contact details of all Prudential Real Estate offices, click here.

You can inspect most properties at any time – just contact the listing agent or salesperson. The best contact details can be found in the sales properties section of our website here. Simply search the property, click into the link and scroll underneath the photo to a grey box on the right, where you will find the contact agent and their details.

Properties available for inspection or at weekend open homes can also be found here.

If in doubt, don’t hesitate to contact our Prudential Real Estate office.

Absolutely – simply contact the listing agent or salesperson, and they can usually get it to you on the same day.

As a legal document that binds the buyer and seller, the Contract of Sale is a useful source of information and contains the following:

• A copy of the title documents which will show the owner of the property and any other party with an interest in the property (such as a bank)
• A copy of the deposited plan for the property which shows legal boundaries of land and often records subdivisions, easements and resumptions
• A copy of the sewerage service diagram, showing private sewer pipes on a property
• A 149 Certificate also known as a zoning certificate contains information about how a property may be used and any restrictions on development that may apply

Special Conditions such as any out-of-the-ordinary or non-standard arrangement required by the property owner

The land size refers to the total area or plot of land registered to that property or title. 

In most cases the land size will be in the online advertisement, and will also be in the Contract for Sale. The agent or salesperson looking after the listing will also be able to provide this information – simply call the office to ask.

All our properties listed for sale with Prudential Real Estate include a Google Map link that shows the location of the property and its proximity to local schools, transport, shopping centres and other amenities. To find this, simply search for the property you are interested in from our website listings, click the link for any property then head to the bottom of the page where you will find the map.

Of course – we accept credit card payments when paying a deposit to buy a property.

You can also pay by:

1. Coming into our office to pay by EFT, bank cheque or postal order
2. Electronically by making a deposit directly into our sales trust account (contact the office for the details of this).

The price of the property can be found on the online advertisement – click here to find it on our website.

If a property is advertised without a price, it may have just been listed. If this is the case, simply contact the agent listed with the property who will give you an accurate indication.

This is a period of time that allows for the purchaser to cancel a purchase if they wish, and commences on the day after an exchange of contracts.

When you exchange contracts for the sale and purchase of a property (with the assistance of a real estate agent), the law in NSW requires that you allow for a 5 business day cooling-off period. This serves two purposes:

• To allow you to make a decision about your purchase without feeling under pressure to proceed with the sale
• To allow you enough time to find out about the property and settle your finances, before making the final decision to proceed (at the expiry of the cooling-off period).

A contract for the sale of property in NSW generally requires a deposit of 10% of the purchase price to be paid at the point where you actually sign the contracts (immediately prior to an exchange of contracts).

In some instances, buyers have requested a reduced deposit of 5%, which we will only allow for with the consent of our vendor. This must also be included in the contract, to specify that the purchaser will still be required to forfeit a 10% deposit of the purchase price rather than their 5% deposit, in accordance with NSW law.

If you have a question about financing your deposit, don’t hesitate to contact the listing agent (available on our website – click into the property) who will be able to provide tailored advice.

If you are buying a property subject to a cooling-off period some property owners may allow you to pay a deposit of 0.25% of the purchase price (the amount you would forfeit if you change your mind about purchasing the property during the cooling-off period)

For us to present your offer to the vendor, you must get in contact with the specific agent listed with the property. We will generally ask the following questions:

• The highest price you are prepared to pay for the property
• Any inclusions you would like to have as part of the sale
• The settlement period (the number of days between the exchange of contracts and settlement – typically 42 days)
• Any terms that may affect the owner’s decision to accept your offer

Find the property on our sales listings page here, click into it and scroll down to the grey box underneath the photo, where you will find the contact details of the sale agent.

• Any inclusions you would like to have as part of the sale
• The settlement period (the number of days between the exchange of contracts and settlement – typically 42 days)
• Any terms that may affect the owner’s decision to accept your offer