4124 - Written Questions v1.0

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American Real Estate Institute *

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CPPREP4124

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Law

Date

Jan 9, 2024

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docx

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6

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Written Questions What you need to do: Answer the questions below by writing in the space provided. You are required to answer all questions correctly. If correct, you will see Satisfactory or if incorrect you will see Not Satisfactory in your grades section of your learner portal next to the assessment name. The assessor will provide feedback and a Record of Results in the assessment task once graded. You will be required to resubmit your work for any Not Satisfactory assessment tasks. What you will need: Use the learner material provided in your online student portal as well as research materials such as books, internet, magazines, workplace documentation etc. to assist you in gaining the knowledge required to answer the questions. Remember that the assessment is completely self-paced and open book, so you are able to use whatever resources you have to answer the questions. What you need to submit: Your answers to these questions. How to Submit your Assessment: Upload your completed document into the CPPREP4124 – Written Questions” Online Assessment in your learner portal. You can drag and drop the file into the
window or use the add file icon in the top left of the submission window and select the file your wish to upload by using the browse/choose file option. Click on finish attempt to submit it for grading. Question 1 Under what circumstances can a landlord end a tenancy? The landlord has the right to terminate the tenancy if the tenant violates any terms of the lease. Examples of common breaches include subletting rooms without permission, neglecting garden maintenance, causing disturbance to neighbours, or engaging in illegal activities on the premises Question 2 Under what circumstances can a tenant end a tenancy? Tenants have the right to seek termination of a tenancy in cases where the landlord breaches the terms of the lease. Common reasons for tenants to end atenancy include: unauthorized access by the landlord to the property, failure to maintain essential health and hygiene installations (such as hot water or air conditioning), and failure to provide a safe and secure living environment (such as broken windows or locks). Question 3 Once a tenancy has come to end, detail the process you would implement and undertake as a property manager to re-let property. 1. Perform a thorough inspection of the property and promptly communicateany necessary repairs or replacements to the landlord. 2 .Ensure the property is cleaned, including windows and carpets, to present it in the best possible condition. 3 .Conduct a market appraisal to determine the appropriate rental value and decide whether the property should be advertised for a higher or lower amount. 4 .Capture appealing photos of the property and advertise it effectively ononline platforms 5 .Organize open home viewings to showcase the property to potential tenants. 6 .Provide regular feedback to the landlord regarding the property's status and the progress of tenant inquiries. 7 .Screen rental applications, carefully review them, and present acomprehensive report to the landlord for their consideration. Question 4 When a tenant has given notice to end the tenancy, can they stop paying rent and the balance be taken from the bond?
No, tenants are responsible for paying rent until the final day of the lease agreement. The bond, which is held by Fair Trading, will only be released after thetenant has vacated the property, and the agent has conducted a thorough inspection to ensure no repairs or fixes are necessary. Question 5 How are rent reviews and rent increases relevant at the end of a tenancy? Rent reviews are a beneficial approach for landlords to optimize their income. In Victoria, rent prices are subject to fluctuation, allowing agents to review and negotiate the rent at the end of a fixed-term lease. However, any increase can only occur after 12 months of the fixed term, and landlords must provide sufficient notice and comply with specific guidelines. Question 6 What is the name of the Act in your state/territory that deal with ending tenancies? Residential Tenancies Act 1997 The Residential Tenancies Amendment Regulations 2021 (the Regulations) were created to support the operation of the Residential Tenancies Amendment Act 2018. They commenced on 29 March 2021. The Regulations supplement the Residential Tenancies Regulations 2021 through minor amendments to provide clarity on the definition of Temporary Crisis Accommodation, prescribe the standard form to be used for written periodic residential rental agreements, amend the systems of rating prescribed for the energy efficiency of a non-ducted air conditioner or heat pump, and correct details relating to standards referenced within the Residential Tenancies Regulations 2021. What section(s) of the legislation listed in (a) are in reference to ending tenancies? SECT 91ZZD End of fixed term residential rental agreement of not more than 5 years (1) A residential rental provider under a fixed term residential rental agreement for a fixed term of not more than 5 years, before the end of the term of the residential rental agreement, may give the renter a notice to vacate the rented premises at the end of the initial fixed term. (2) The notice must specify a termination date that is on or after the date of the end of the initial fixed term. (3) The notice must be given—
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(a) in the case of a fixed term residential rental agreement for 6 months or more (but not exceeding 5 years), not less than 90 days before the end of the initial fixed term; or (b) in the case of a fixed term residential rental agreement for less than 6 months, not less than 60 days before the end of the initial fixed term. What section(s) of the legislation in (a) deal with the following matters. a. Sale of premises SECT 91ZZB Premises to be sold (1) A residential rental provider may give a renter a notice to vacate rented premises if the premises are immediately after the termination date to be sold or offered for sale with vacant possession. (2) If a residential rental provider has entered into a contract of sale of the rented premises and the contract of sale is subject to one or more conditions which, if not satisfied, entitle a party to the contract to terminate the contract, the residential rental provider, within 14 days after the last of those conditions is satisfied, may give a renter a notice to vacate the rented premises. (3) If a residential rental provider has entered into a contract of sale of the rented premises which is not a contract of sale of the kind referred to in subsection (2), the residential rental provider, within 14 days after the contract of sale is entered into, may give a renter a notice to vacate the rented premises. (4) A notice under this section must specify a termination date that is not less than 60 days after the date on which the notice is given. Division 10 Subdivision 4 Section 142ZJ Sale of rooming house (1) A rooming house operator may give a resident a notice to vacate the room occupied by the resident if immediately after the termination date the rooming house is to be sold or offered for sale with vacant possession. (2) If a rooming house operator has entered into a contract of sale of the rooming house and the contract of sale is subject to one or more conditions which, if not satisfied, entitle a party to the contract to terminate the contract, the rooming house operator may, within 14 days after the last of those conditions is satisfied, give a resident a notice to vacate the room occupied by the resident. (3) If a rooming house operator has entered into a contract of sale of the rooming house which is not a contract of sale of the kind referred to in subsection (2), the rooming house operator may, within 14 days after the contract of sale is entered into, give a resident a notice to vacate the room occupied by the resident. (4) A notice under this section must specify a termination date that is not less than 60 days after the date on which the notice is given.
b. Use of premises for illegal purposes SECT 91ZQ Use of premises for illegal purpose (1) A residential rental provider may give a renter a notice to vacate rented premises if the renter has used the rented premises or permitted their use for any purpose that is illegal at common law or under an Act. (2) The notice must specify a termination date that is not less than 14 days after the date on which the notice is given. Division 10 Subdivision 4 Section 142ZI Use of room for illegal purpose (1) A rooming house operator may give a resident a notice to vacate the room (other than a shared room) occupied by the resident if the resident has used the room or permitted its use for any purpose that is illegal at common law or under an Act. (2) A rooming house operator may give a resident of a shared room a notice to vacate that room if the resident has used the room or permitted the resident's visitors to use the room for any purpose that is illegal at common law or under an Act. (3) A notice under this section must specify a termination date that is not less than 2 days after the date on which the notice is given. c. Termination notices for non-payment of rent or charges SECT 91ZM Non-payment of rent SECT 142ZF Non-payment of rent (1) A rooming house operator may give a resident a notice to vacate the room occupied by the resident if the resident owes at least 7 days rent to the rooming house operator. (2) The notice must specify a termination date that is not less than 2 days after the date on which the notice is given. (3) For the purposes of this section, rent in relation to a fixed term rooming house agreement or agreement under section 94(2) under which Homes Victoria or a registered agency is the rooming house operator, is the amount payable to the rooming house operator by the resident to occupy the room and use facilities and services less any applicable rental rebate. Question 7 When it comes to ending tenancies explain the scope of authority and limitations a property manager has with regard to their responsibilities and professional abilities. The role of a property manager encompasses various responsibilities such as overseeing rent collection, tenant management, property maintenance and repairs, landlord-tenant law compliance, business operations, record-keeping,
accounting, and tax matters. Additionally, property managers are responsible for handling the termination of tenancies, which includes collecting keys and any rented equipment, enforcing move-out deadlines, and appropriately refunding the security deposit to the previous tenant. Question 8 What sources of advice are available that a property manager could access about ending tenancy arrangements? Consumer Affairs Victoria can answer all your questions about renting – from before you sign the lease until after you move out. https://www.consumer.vic.gov.au/housing/renting/starting-and-changing-rental- agreements/people-moving-in-and-out/ending-a-corenting-arrangement The Tenants Victoria gives free advice to people that rent residential accommodation in Victoria. They also offer a renters advice line and email advice service. You can contact them through the Tenants Victoria contact https://tenantsvic.org.au/ Question 9 List 2 reasons/circumstances a landlord would be entitlement to retain part or all of security deposit or bond money at the end of a tenancy? There are various circumstances in which a landlord may be entitled to retain partor all of the security deposit or bond money at the end of a tenancy. Two common reasons include: 1 .Unpaid Rent: If the tenant has outstanding rent payments or has not paid rent for a specific period, the landlord may withhold a portion of the security deposit to cover the unpaid rent. 2 .Damage to the Property: If the tenant has caused excessive damage to the property beyond normal wear and tear, the landlord can retain part or all of the security deposit to cover the costs of repairs or replacements.
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