Our Core Value of Commitment understands connections are strengthened by communication and please see our frequently asked questions for Rental Providers. Call Dominic on 0417 008 754 for a confidential discussion - afterhours and weekends are fine too. Alternatively, visit Consumer Affairs Victoria.
Click here for Consumer Affairs Victoria Renting Information
This is general information only and not an exhaustive list of requirements and matters required in law, by regulations or the like.
Why use Converge Real Estate for leasing and property management? |
We care – we’re passionate about property and everything it entails. As your property manager we want to make meaningful connections with people and spaces and we’re committed to being your partner on your journey to success. We understand enriching connections means acting with integrity and communicating with you. |
How to contact Converge Real Estate? |
Strengthening our connection is always welcomed. We can connect in person, by phone, email or by using our portal as our Core Value of Anchoring means we are present, accessible and act supportively. As your property manager we understand relationships require passion and perseverance with commitment levels to remain high on an ongoing basis. |
Can Converge Real Estate take over property management if my property is currently rented? |
Yes and we’ll be honoured to do so. We’ll make transferring property management to us hassle free by contacting your existing managing agent and Renter too. We’ll attend to collecting keys, transfer the Bond and immediately start on building enduring connections as your property manager. |
How are Prospective Renters assessed? |
Prospective Renters complete an application form and establish their identity. Whilst forming connections with them we’ll assess their applications and confirm information by verifying employment, income and references in accordance with privacy legislation. |
Can Converge Real Estate sell my property? |
Yes. We’ll be honoured to sell your if property if that’s your preference. |
How frequently can my property be inspected? |
Diligent property management requires inspections to be carried out in accordance with the Residential Tenancies Act. Routine inspections can only be carried out every 6 months, subject to specified requirements. |
What happens if other inspections are needed? |
Under the Residential Tenancies Act it’s possible to inspect a property for valuation purposes, to show through prospective Renters and even purchasers, subject to specified requirements. |
How do I receive my rent once the Renter has paid? |
As authorised, once funds paid by the Renter are cleared, we can pay from the rent items like council rates, body corporate fees, maintenance and repairs, commissions, fees and other charges. Any remaining balance will be paid into your nominated bank account. |
What financial information do I receive? |
When monies are remitted to you we’ll issue a statement explaining important information such as the amount the Renter paid, the relevant rental period, any monies, commissions and fees deducted, and the amount actually deposited into your account. As your property manager we can even provide an annual statement for the property to assist you to finalise your accounting matters. |
How is the rent reviewed? |
When vacant and available for lease, we’ll assess the rent the property should be marketed at to minimise downtime and grow your income. If rented, the Residential Tenancies Act prohibits rent from being increased at intervals less than 12 months, subject to specified requirements. As your property manager we’ll assess the rent and keep you updated. |
What happens if the rent is paid late? |
We use the industry’s leading technology to monitor rent payments. We’ll send reminders and stay in contact with Renters to help avoid late payments however this a risk in owning an investment property. If the rent is not paid on time, we’ll let you know too so you are informed. The Residential Tenancies Act specifies a Renter must owe at least 14 days rent within a 12 month period before a formal notice can be issued. |
What happens if a Renter owes 14 days rent within a 12 month period? |
Depending on the number of times a Renter has been issued a Notice to Vacate within a 12 month period, if a Renter has not paid the rent and failed to vacate the property in accordance with the Notice to Vacate, an application for possession order can be made to the Victorian Civil and Administrative Tribunal (VCAT) on your behalf. Should this happen we’ll get in contact with you to discuss the specific details and we’ll keep you informed. As your trusted property manager non payment of rent is a serious matter which is constantly monitored. |
Can Renters have pets? |
Whilst a Renter is required to request consent to keep a pet such consent must not be unreasonably refused. Unless a Rental Provider applies to VCAT within 14 days for an order to refuse consent it is deemed the Rental Provider has consented. There are limited reasons for withholding consent and making an application for an order to VCAT. It is not possible to seek a higher Bond for a Renter having a pet. |
What does minimum standards for a property mean? |
The Residential Tenancies Act sets out minimum standards. A property must have: Specific Rooms
In limited situations (e.g. apartment blocks) there may be exceptions to the required energy efficiency standard.
Consumer Affairs Victoria notes a deadlatch is a type of lock that automatically locks when the door is closed. Certain exceptions apply such as to security doors fitted to an external door with a deadlatch or where a door isn’t accessible because there’s another type of security barrier or a different type of lock may be required under another Act or law. |
What happens if minimum standards are not met? |
Prior to a Renter moving in, if a property doesn’t meet minimum standards the Renter can decide not to move in and not pay rent until the minimum standards are met or end the agreement immediately without fees or move in anyway and then make a request for urgent repairs. If a property no longer meets minimum standards during the term of rental agreement, a Renter may make a request for urgent repairs. As your property manager, we’ll keep you informed. |
What are urgent repairs? |
Urgent repairs are repairs that must be done immediately because they make the property unsafe or difficult to live in. The following are legally defined as urgent repairs.
A Renter can organise and pay for an urgent repair for an amount up to $2,500.00 if it is not carried out immediately. In this case, a Renter must be reimbursed within 7 days. Renters also have rights if the value of the urgent repair is more than $2,500. As your property manager we’ll maintain positive relationships with both the Rental Provider and Renter and keep the parties informed. |
What safety standards are needed? |
Under the Residential Tenancies Act, Rental Provider must:
Records relating to tests and compliance must be retained and a Renter may need to be provided a copy within 7 days. Renters also have obligations and as your property manager we’ll communicate these on an ongoing basis. |
What information needs to be disclosed to a Rental Applicant? |
The Residential Tenancies Act requires Rental Providers to disclose certain information, which includes but may not be limited to, the following:
The above may not be an exhaustive list and we’ll reman in regular contact with you as your property manager. |
What is the maximum Bond allowed? |
If rent is paid on a monthly basis and less than $900 per week, the maximum Bond that can be requested and accepted is an amount equal to 1 months rent. A higher Bond may be possible under specified conditions. As your property manager we will monitor obligations relating to the Bond and lodge documentation with the Residential Tenancies Bond Authority as needed. |
What modifications can a Renter do without requiring consent? |
A Renter can carry out the following modifications without a Rental Provider’s consent:
Renters are required to restore the property to the condition prior to carrying out the modification works or pay an equal reasonable amount for restoring the property. Understanding the importance for everyone to feel a sense of belonging is important and as your property manager Converge Real Estate’s Core Values look to develop this. |
Renter modifications with Rental Provider’s consent (consent not to be unreasonably withheld) |
A Rental Provider must not unreasonably withhold consent if a Renter requests modifications:
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A Rental Provider may reasonably withhold consent for Renter modifications if: |
A Rental Provider may withhold consent if a Renter requests modifications because of the following reasons:
A Rental Provider may require the modifications be completed by a suitably qualified person. The Residential Tenancies Act notes an additional Bond amount may be sought to cover the reasonable costs of restoring the property, provided the existing Bond is more than $500. Converge Real Estate believes it’s pivotal that successful property management involves forming enduring connections and purposeful communities and will communicate with the parties on an ongoing basis. |
What happens if a Rental Provider does not comply with the Residential Tenancies Act? |
A Rental Provider may be issued a penalty of 60 penalty units for an individual or 300 penalty units for corporations. Additionally, Rental Providers may be found to have engaged in behavior that is misleading and deceptive and subject to further action under Australian Consumer Law (Victoria). For the period to 30 June 24, a penalty unit is $192.31, meaning 300 penalty units represents a penalty exceeding $55,000. VCAT also hears applications and makes determinations in relation to applications involving a claim up to $40,000. Renters may be entitled to take other additional legal action. Renters also face penalties and legal action too if Renters don’t meet their obligations. Approaching people and dealings with genuine curiosity and interest allows Converge Real Estate to be an effective property manager and to resolve conflict should it arise. |
Should Rental Providers take out Landlord Protection Insurance? |
As your strategic property management service provider, Converge Real Estate highly recommends Rental Providers take out Landlord Protection Insurance. Please contact your insurer for policy details. |