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Understanding The Details Of Rental Agreements In WA

What are the essential elements of landlord insurance? Why do you need landlord insurance? Here’s all that you wanted to know about a rent agreement in WA? For more information about NSW rental agreement, visit https://www.propertynow.com.au/.

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Understanding The Details Of Rental Agreements In WA

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  1. ALL THAT YOU NEED TO KNOW ABOUT RENTAL AGREEMENTS IN WA

  2. LANDLORD INSURANCE CAN COVER • Theft or burglary by tenants • Damage or vandalism by tenants • Loss of rent because of tenant default • Legal expenses during eviction

  3. WHAT TO LOOK FOR IN LANDLORD INSURANCE

  4. #1 – PRICE • Cost varies between territories, states, and postcodes • Factors include crime stats, risk of natural disasters • It’s an investment expense and hence tax deductible

  5. #2 – AN IDEAL INSURANCE INCLUDES • Damage caused by natural disasters • Loss of rent • Damage caused by tenants (guests, pets, etc.) • Theft or burglary • Public liability cover for injury • Legal costs for eviction

  6. #3 – LOOK FOR EXTRAS • Can include re-letting expenses • Replacement of keys, locks, tax audit insurance, etc. • Look for extras before you buy

  7. Questions To Ask Before Choosing Landlord Insurance • 1. Do I need specialist insurance? • 2. Does the insurance cover furnishings? • 3. Does the insurance cover pets? • P.S: In some states, you cannot refuse pets without a valid reason.

  8. Any specific risks you’d like covered? For example: 1. flood-risk 2. burglary Looking for more information about rental agreements in WA? Visit - https://www.propertynow.com.au/

  9. WE HELP HOMEOWNERS • Sell/rent their home without an agent • Manage their enquiries • Negotiate the deal for homeowners • And more…

  10. Visit - https://www.propertynow.com.au/ Call - 1300 664 773 To rent or sell without agents!

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