A Property Manager is not qualified to ensure compliance to these or any of the Building Regulations and Australian Standards. However, Service providers such as Smoke Alarms Australia and Detector Inspector currently assure Compliance for a Landlord for the annual subscription fee of $99.00.
Regarding Landlord Insurance, the Residential Tenancies Act 1997 stipulates that a Landlord is responsible for insuring their property, including any Contents belonging to them and, a Tenant must insure their own personal belongings.
Many Landlords learn the hard way that any floating flooring e.g.: floating laminate or timber and carpet, window furnishings and exposed light fittings are not covered by Building Insurance. Insurers deem them to be
furnishings not fixtures and fittings and, they must, therefore, be covered by Contents not Building Insurance.
Landlord Insurance assures cover for furnishings generally up to the value of $60, 000 as well as critical Public Liability Insurance. There are the added benefits of being insured against loss of rental income for a variety of circumstances and, tenancy defaults and damages when costs exceed the Bond value for a tenancy.
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