With reference to the Residential Tenancies Act 1997 (Vic) answer the following case study questions and include
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With reference to the Residential Tenancies Act 1997 (Vic) answer the following case study questions and include in your responses the correct sections of the Act.
You are acting as a property agent for Geoff, a first - time residential landlord. He is unfamiliar with the laws surrounding residential tenancy as he previously has been a landlord in a commercial property. Geoff has assumed that the laws would be similar.
Geoff wants to protect his property interest.
- Name a type of transaction that would be applicable for Geoff's circumstances. State why.
- What is the maximum bond Geoff as the landlord may request?
- A luxury property in Carlton is highly sought after. It rents for $800 per week. In order to secure the property, Christine offers Geoff the landlord $6,000 which he accepts.Has there been a breach of the Act? If so, what is the penalty?
- Geoff says this Carlton property has all antique furnishing which are very rare and valuable. He wants to know if a landlord an apply to increase the maximum bond and under what reasons?
Related Book For
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ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
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