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REIQ Journal : September 2008
PROPERTY MANAGEMENT 39 Stacey Holt, Senior Best Practice and Policy Advisor, REIQ Want to access back issues of the REIQ Journal? If you missed part one of this article from Stacey Holt in the August edition of the REIQ Journal, you can go online and read it now. Articles from every issue of the REIQ Journal are reproduced on the new member-only website at www.memberlink.com.au. You can access back issues or download PDF copies to share with other staff in your office. If you have difficulty accessing the site, email email@example.com for your access code and password reminder. to the agency’s file-note system. The agency should have strict procedures in relation to maintenance and routine inspections and have effective follow-up systems in place. Agents should also ensure that credible evidence can be produced to demonstrate that the agent has fulfilled their professional, contractual and statutory duty to all parties in the event of an allegation. Agency records such as the property management file, diaries, and notepads should be kept for six years. Finally, property managers should ensure that they pass on any burden, such as maintenance, to the person who deserves the burden, which is the lessor. The property manager should be able to prove that the lessor knew of the risk or burden. The agent is then in a very sound position to be successfully defended in the event of an allegation of negligence in their role as a professional real estate agent. The Property Expo. Go where the investors go. 2008 Brisbane September 12-14 Brisbane Convention & Exhibition Centre FREE TICKET* REGISTER ONLINE Enter promo code: Journal 5,000+ visitors with over $1.46 billion to spend† BOOK YOUR STAND FOR 2009 EARLY BIRD RATES APPLY Brisbane September 4-6, 2009 If you are not exhibiting this year, come and experience fi rst hand and see why you can’t afford to miss out next year! For full details visit www.propertyexpo.com.au * Normal Admission $15 Supported by: REIQ Journal September 2008 OMG/DPIE0154 † 2007 Post Show Report