To apply for a rental property you are required to first inspect the property to confirm that the property is suitable for you. We offer tenants the ability to apply by downloading the Tenancy Application Form or alternatively online via 1Form.
In most instances Impact Property Management Group – Melbourne Real Estate Agents are able to process your application within 48 hours of receiving it.
However, if we are unable to successfully contact your referees, employer etc this process can take longer. We will advise you by telephone of the outcome of your application.
Once you have been approved for a rental property one of our Property Managers will provide you with the Lease Agreement to execute and other tenancy related documents. In order to secure the property you are required to pay the first months rent within 24 hours of being notified of your approval of the property. The first months rent will need to be direct credited into the Impact Property Management Group rental trust account. You will be provided with a unique reference number to make this payment via BPAY.
The bond for a property is calculated based upon the weekly rental amount of the property. The amount of bond required for a property is generally equivalent to one calendar months rent and in some cases may be more than this depending upon the property.
The calendar months rent is calculated as follows:
Weekly rental amount ($) / 7 days per week X 365 days per year / 12 months
Routine inspections will be conducted at the end of the first three months of a new lease agreement and every six months after. Tenants will receive an email and letter in the mail notifying them of the Routine Inspection date and time a week before the routine inspection is to be completed.
If for some unforeseen circumstance you cannot pay your rent on time as agreed in the Lease Agreement please contact Impact Property Management Group Melbourne Real Estate Agents immediately to avoid being issued with a Notice to Vacate for unpaid rent.
Under the Residential Tenancy Act 1997 tenants are required to give a minimum of 28 days notice to vacate a property. In the event a tenant is breaking a lease the tenant is responsible for all marketing costs, letting fees and rent up until the day that a new tenant is to occupy the property. Impact Property Management Melbourne Real Estate Agents work with tenants and landlords to secure a suitable tenant in a timely manner to minimise any losses.
Once you have moved out of a property and a final inspection has been completed then the amount of the bond to be returned is determined. The bond is direct credited into your bank account or a cheque is provided and sent to your forwarding address.