
Selling your property while it's tenanted
Every property owner wants the selling process to be as seamless and pain-free as possible, but things can get challenging if the property is an investment property and there are tenants occupying...
An absentee landlord refers to a property owner who is not actively involved in the day-to-day management or maintenance of their real estate investment.
An absentee landlord refers to a property owner who is not actively involved in the day-to-day management or maintenance of their real estate investment. In most cases, the landlord resides at a considerable distance from the property, making it challenging for them to oversee its regular upkeep or address immediate concerns without assistance.
The absentee owner surcharge is relevant to property owners who reside outside the country or away from their property for an extended period.
In Australia, certain states or territories may impose a surcharge on absentee owners, aiming to encourage local engagement and property maintenance. This surcharge typically applies if you do not occupy the property as your primary residence and are not actively involved in the local community.
To determine if the absentee owner surcharge applies to you, it's advisable to check with the relevant state or territory government authorities, as regulations may vary across different regions.
Australia has specific laws and regulations that address the concerns of absentee landlords. These laws are designed to ensure that properties are adequately maintained and that absentee owners fulfil their responsibilities.
Key aspects of these laws may include:
To stay informed about the specific absentee landlord laws applicable to your situation, it's recommended to consult with local authorities or seek legal advice. This will help you navigate the regulatory landscape and fulfil your obligations as a property owner in Australia.
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