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Landlord Information

In any investment there is a risk and fear factor. In the property market, defaulting tenants are something that every landlord fears.

The greatest risk and fear factor for landlords is that of a tenant not paying their rent or damaging the property. The facts are that default tenant’s place a financial burden on landlords.

Many landlords do not realise that they have rights and protection systems available to them.

A lot like credit checks when applying for a loan or credit card, TICA provides tenancy history checks when tenancy applicants apply for rental properties.

TICA has over 6,000 members covering every State and Territory throughout Australia accessing its databases and default tenancy control systems to seek the latest information on tenancy applicants.

Members of TICA can register default tenants within its Tenancy History Database warning other Real Estate Agents and placing themselves in a position to re-coupe any outstanding money owed by default tenants.

TICA also has its Virtual Manager System available to its members to allow the ability to monitor their tenant’s activities.

TICA also has its Landlord Insurance policies available through its members, when compared to other similar policies you will be pleasantly surprised by the price and benefits offered.

When selecting a Real Estate Agent and Property Manager you should ask them as to what steps they take when vetting tenancy applicants.

Personal references are not worth the paper they are written on. When was the last time you had seen a bad personal reference?

Make sure all your tenancy applicants are screened through TICA, Australia's Largest Tenant Database.

We trust that as a landlord you will appreciate the vital service that the TICA offers its members. We also trust that you will appreciate the members that use TICA's National Risk Management System.

Important Note: There is only one largest National tenancy database covering every State and Territory in Australia and that is TICA, beware of others attempting to mislead the industry and landlords.

TICA is Australia's Largest Tenancy Database and truly National.

 
Request to List

A landlord may request to add information to the TICA Tenancy History Database at anytime for a one off fee per tenancy.

All requests are vetted individually and must meet the minimum criteria necessary before being accepted.

Listed below are some of the requirements:

yes
All individuals to be listed must have a minimum identifying information of Given name, Surname and Date of Birth.
yes
All individuals must named as a tenant on the tenancy agreement.
yes
The listing must comply with any State Legislation.
yes
A copy of the front and back page of the tenancy agreement must be supplied.
yes
The landlord must give the individual/s they wish to list 14 days notice to rectify before listing on a Tenancy History Database. This notice can be sent to the last known address. This does not apply if the landlord cannot locate the person after making reasonable enquiries.
yes
The landlord agrees to notify TICA of any changes with respect to debts being fully repaid or tribunal orders issued.
yes
The landlord agrees to provide references to any member that may contact them and accepts all legal liability in relation to the database listing.
 
Insurance

TICA's landlord insurance is marketed as a Landlords Extra Protection (LEX) policy.

 
Prices & Excess
 
Yearly Premium Prices
 
NSW $285.00   NT $270.00   SA $210.00
               
ACT $245.00   VIC $235.00   TAS $200.00
               
WA Postcode     QLD Postcode;        
6000-6646 $210.00   4000-4702 $245.00      
6701-6799 $260.00   4703-4895 $295.00      

Cover Includes

Default Rent - Up to 15 weeks
Legal Liability - Up to $20 million
Fire & Explosion deliberately caused by the tenant to the Building or Contents - Up to $50,000
Loss of Rent - Up to 52 weeks
Landlord's Contents - Up to $30,000
Deliberate, Malicious or Intentional Damage by Tenants, including Theft by Tenant - Up to $50,000

Claims are subject to the following excesses:

Contents $50.00
Earthquake $200.00
Theft by tenants $250.00
All other covers NIL EXCESS

Selecting the right Landlord Insurance policy is just as important as selecting the right tenant. Landlord Insurance should not be the only form of risk management but a part of easing the possible financial burden placed on landlords not only by a defaulting tenant but other unforeseen events that may occur.

Three main things that most people look for before taking out an Insurance Policy cover are:

1. Cost
Our insurance policies are competitively priced to cater to property investors needs. TICA recommends reading the Product Disclosure Statement to make an informed decision when comparing policies.

2. Cover offered
Have a full understanding of what the policy covers and under what circumstances you can claim.

3. Excesses payable
Do you or your landlord’s know the excesses payable on various claims under their policy?

The excess payable quite often determines whether a landlord is willing to claim on their insurance policy. High excesses may diminish the value of having an insurance policy and does not sufficiently diminish the burden left to be carried by the landlord after the insurance has paid out.

We believe TICA offers one of the best Landlord Insurance policies to the industry underwritten by one of Australia’s largest Insurance companies The Hollard Insurance Company Pty Ltd

TICA’s Landlord Insurance policy, titled “Landlords Extra Protection Insurance” (LEX) is the most competitively-priced policy offering what we believe is the best coverage and excesses. POEP Insurance offers your landlord an affordably priced policy, wide coverage and low to nil excesses on all claims.

Criteria for Requesting/Accepting Cover:

Rent is under $1,250 per week
Property must be managed by a licensed agent or equivalent
Tenants are not in arrears at the time of request
 
Tax Benefits

Property has proved a relatively secure investment within Australia.

Generally speaking, property is considered a fairly low-risk investment with some major tax advantages.


When investing in a rental property you should speak to your accountant about the deductions you may be eligible to claim when completing your tax return. Some deductions may include but are not limited to:

yes Council rates
yes Bank charges
yes Property agents fees and commissions
yes Servicing costs, for example, servicing a water heater


For a full list of deductions you can claim, please visit the Australian Tax Office's website.

All information above is general information, and has been prepared without taking anyone’s objectives, financial situation or needs into account. Because of that, TICA recommends all interested parties speak to an accountant for further information.

 
Horror Stories

The inclusion of advertisements, pointers and hyper links to other web sites operated by third parties are not under the control or responsibility of TICA. A display of advertising does not imply an endorsement or recommendation by TICA.


A PERFECT TENANT
I had a spacious two bedroom home built around the early 1900s with a terraced veranda and behind a beautiful front garden ... read more


POLICE | POLICE!!
I had been contacted by the police in relation to a property I own ... read more


LEAKING FISH TANK
I rented one of my investment properties to a couple, who at the time looked like honest and trustworthy tenants ... read more


BAD TENANTS
My partner and I have recently had a bad experience with tenants in Queensland. ... read more


$10000 WORTH OF DAMAGE
My name is Jasmine. I am a landlord and had bad tenants, did about $10,000 worth of damage ... read more


TOUGH GUY
After receiving complaints from a neighbouring tenant I contacted the police who informed me that he was well known in the area ... read more


NO MONEY
I am a landlord in Victoria and tried renting the property out myself ... read more


SYDNEY SOLICITOR
I was renting out a property in Sydney to a Solicitor who was the biggest 'smart ars** ... read more


BLOCK PIPES
I am a private landlord and had a parent who had guaranteed the performance of their child ... read more


RENOVATIONS
My property had a FOR RENT sign on it and it was vacant waiting for a new tenant ... read more


GARAGE UPGRADE
After a number of attempts of people trying to steal my tenants car he came up with a brilliant idea ... read more


STOLEN KITCHEN
The landlord contacted the me and advised me that one of his family member would be renting the house ... read more


SELLING A RENTAL PROPERTY
I was selling a property and the tenant was annoyed at the owner ... read more


CHICKEN PEN
I discovered that the tenant had removed all the kitchen cupboard ... read more


HORSE IN BEDROOM
My friend owned a unit near a race track ... read more


HOLE IN FLOOR
Real Estate Agent discovered that the tenant had cut a hole in the living room floor ... read more


RUNNER
As a truck was being loaded up with all of their furniture 10pm on Monday night. ... read more


SATANIC TENANTS
Doing a double take I noticed the entire bedroom had been painted black with red satanic symbols painted onto the walls. ... read more


MISSING GOODS
Walking into the property I was shocked. ... read more


 
Information
 
Are you claiming enough off your tax?
If you own an investment property and you haven't had it professionally assessed for depreciation allowances, chances are you are paying too much tax.
What is a Depreciation Report?
A Depreciation Report is an Australian Tax Office (ATO) compliant depreciation report on your property outlining the legal depreciation allowances your are entitled to claim.
 
TICA and WASHINGTON BROWN?
TICA and Washington Brown are working together to provide all landlords with the opportunity to obtain a professional report to maximise their claims.

Washington Brown are experts in tax depreciation for investment properties and accredited quantity surveyors.
 
Ways to Appreciate Depreciation?
Depreciating your investment property can dramatically improve your bottom line.

Claiming depreciation on your property is one of the most important steps in an investor's journey. And its the only deduction that can be subjective. All other expenses - such as interest, strata fees etc. must equal the amount you have precisely paid out.

But, having an expert prepare your depreciation report can enhance your claim. This article first appeared in Your Investment Property Magazine as 9 Ways to Cut Tax Bills through Depreciation (PDF).
 
IMPORTANT NOTICE:
All properties new and pre-existing (houses, units, apartments, factories and commercial premises), qualify for depreciation and you maybe eligible to backdate your tax return if you have not been claiming or maximising your entitlements.
 
All information on this page is general information and supplied by Washington Brown.
 
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All prices shown are in Australian Dollars and include GST.
 
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