Risk and compliance are unavoidable in this day and age when it comes to running an effective Property Management Business. We want to ensure that all precautions are being taken to minimise any legal action being taken towards us or any harm being done to our clients, properties and team.
We also want to ensure that we run our Property Management business under the guidelines imposed on us. In this Tip we discover ways to develop a sound understanding of the responsibilities regarding property security and also bring your attention to points you may have not been aware of.
So in relation to the property it is the responsibility of the Owner to ensure the safety of the Tenant at all times.
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It is the responsibility of the Owner AND the Property Manager to ensure the rental property is reasonably secure. They must supply and maintain all locks and provide the tenants with a key for every lock.
So what does the term reasonably secure actually mean?
Reasonably secure can be broken down into the following items:
- Risk to a Tenants or residents personal safety
- Ability for the Tenant to obtain home contents insurance
- Likelihood of break-ins
- Local community standards about adequate security of the premises
- Physical characteristics of the property and surrounding areas
Please email us if you’d like to know more about our Property Management Courses or need any further assistance.