• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 1 of 2 1 2 LastLast
Results 1 to 10 of 14
  1. #1

    Default Property manager not doing a final inspection before settlement purchase date

    Have a settlement date coming up soon on a property where the tenant will remain in situ along with the original TA . I would have thought the existing property manager would have conducted a final inspection before settlement . But they deem this unnecessary as I will be managing the place myself.

    What does anyone else think?

  2. #2
    Join Date
    May 2012
    Location
    Wellington
    Posts
    518

    Default

    Yes, kind of not their problem, they have lost the business.

    Hopefully as part of the S&P documentation you have requested a copy of their last inspection report ?

    You will also have done your own 'Pre settlement inspection' right ?

  3. #3
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,718

    Default

    There is no right to a pre settlement inspection for this purchase.

    The property manager is required to give you "everything" which is associated with that tenancy. I strongly emphasise this. Everything, to do with that tenancy.

  4. #4

    Default

    Thanks Keys i will ask them to forward anything remaining. I have a copy of their last inspection report but it is dated August 2017, quite some time back. This property management have ran the tenancies without smoke alarms since they have been managing it for over 2 years! The inspection forms say NO smoke alarms yet nothing was done about it. Unbelievable really!

  5. #5
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,718

    Default

    Application form. Copies of drivers licence (or other ID), credit checks done. Any correspondence inwards and outwards. Copies of bond lodgment form (if they keep a copy) Copies of all inspections. Just remember. Everything you are required to supply under this section of the RTA, they have to give to you.

  6. #6

    Default

    Unfortunately they wont hand them over until i become the legal property owner which is not until next week.

  7. #7

    Default

    Quote Originally Posted by mrsaneperson View Post
    Unfortunately they wont hand them over until i become the legal property owner which is not until next week.
    I had the same spiel when I bought with tenants in situ. In the S&P they’d hand over all paperwork including bond lodgement form upon completion. Not long after signing I smelt a rat and called tenancy services but as I wasn’t tenant or LL, yet, they wouldn’t give me any information. You guessed it, no bond lodged and when it came time, TT ordered me to pay the tenants back their bonds out of my own pocket as the former LL was no longer involved. I took the former LL to small claims but as the S&P stated that he had to hand over paperwork and not the bond itself I lost. There endith the lesson.

  8. #8
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    2,978

    Default

    Never ever buy a property with an existing tenant.
    Always - always - vacant possession.

  9. #9
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,718

    Default

    Quote Originally Posted by mrsaneperson View Post
    Unfortunately they wont hand them over until i become the legal property owner which is not until next week.
    Does not matter. Tell them you are the legal landlord (see interpretation).

    Tell them to hand the documentation over.

  10. #10
    Join Date
    Mar 2010
    Location
    Lower Hutt
    Posts
    374

    Default

    Hi Mrsaneperson,

    Its not usually industry practice to do that.

    As long as you get the in going photos, condition report, TA etc then you should be fine.

    F
    Fraser Wilkinson
    www.managemyrental.co.nz
    Wellington / Lower Hutt / Upper Hutt / Porirua


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Vendors suggest pre-settlement inspection on settlement day
    By huntersmoon in forum Finance, legal and tax (NZ)
    Replies: 2
    Last Post: 18-09-2014, 01:18 PM
  2. Vendors suggest pre-settlement inspection on settlement day
    By huntersmoon in forum Property Investment (NZ)
    Replies: 5
    Last Post: 15-09-2014, 07:42 AM
  3. Final inspection went not as planned need advice!
    By jovanov in forum Tenant Stuff (NZ)
    Replies: 33
    Last Post: 23-10-2013, 11:37 AM
  4. Settlement date
    By Bibo in forum Property Investment (NZ)
    Replies: 6
    Last Post: 05-07-2013, 05:57 PM
  5. Replies: 8
    Last Post: 09-03-2012, 09:38 PM
  6. Rude agent and final inspection
    By reina in forum Tenant Stuff (NZ)
    Replies: 4
    Last Post: 27-12-2010, 07:11 PM
  7. Advise please, landlord changes mind after final inspection!!
    By mnminthevilla in forum Tenant Stuff (NZ)
    Replies: 17
    Last Post: 12-07-2010, 11:57 AM
  8. Do I need a building inspection report before I purchase a property?
    By Walter in forum Property Investment (NZ)
    Replies: 0
    Last Post: 22-05-2007, 03:14 PM
  9. Information required by landlords on settlement date
    By muppet in forum Property Investment (NZ)
    Replies: 0
    Last Post: 19-05-2004, 08:21 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •