Case study: Tenancy Schedule

(a) Name 3 ways a tenancy schedule can be prepared

(b)You have signed up a new lease with annual rent of $36,000 and annual outgoings of $2400, payable monthly. The lease commencement date is 1 February 2019 and is for a 5-year term. Rent is due on the 1st of each month. In the space below p repare a 12-month payment schedule.

(c)In the space below, p repare a 12-month monthly schedule for the following tenancy:

Rent = $48000 per annum

Outgoings = $6000 per annum

Inspection = 3 monthly

Lease commencement = 1 March 2018

(d) Discuss this statement in relation to collecting rent:

Make sure you are on the same page in terms of the definition of "on time"