REIQ Best Practice Guidelines v03.23 - Flipbook - Page 41
14. ASSESSING SUITABILITY OF A
PROSPECTIVE TENANT
Member Property Managers should assess the
suitability of a prospective tenant and be satisfied
that:
(a) the prospective tenant has sufficient financial
means to meet their obligations under the
Form 18a without placing themselves into
financial hardship;
(b) the prospective tenant is a suitable person with
a good rental history and credit history check;
and
(c) there are no apparent circumstances as to why
the prospective tenant is not a suitable tenant
for the property (for example - are there more
persons than bedrooms, are there accessibility
issues).
Read about how antidiscrimination laws in
Queensland apply to
residential tenancies.
15. DISCRIMINATION
The Member Property Manager must not
discriminate against a prospective tenant on the
basis of their race, ethnicity, gender, sexual
orientation, family make-up or religion or any other
basis in accordance with anti-discrimination laws. If
a Member Property Manager suspects their Client
to be in breach of anti-discrimination laws, they
should seek legal advice about what steps they
should take, or if they are an REIQ Member, contact
the REIQ Agency Advisory Service for more
information.
16. CLIENT INSTRUCTIONS
(a) Member Property Managers must comply with
the Client’s instructions about the level of
involvement the Client wishes to have in
selecting a tenant.
Member Property
Managers must provide the Client with any
information requested about a prospective
tenant.
(b) Notwithstanding Guideline 16(a), Member
Property Managers must obtain written
confirmation from their Client to approve a
prospective tenant.
REIQ BEST PRACTICE GUIDELINES
V08.23
17. RENT APPRAISAL
(a) Where applicable, Member Property Managers
should provide a Comparative Market Analysis
(CMA) or written statement to the Client as a
rental appraisal for the property.
(b) A CMA provided by a Member Property
Manager must compare:
i.
at least three (3) properties of a similar
standard or condition;
ii.
let within five (5) kilometres of the
property; and
iii.
let within the last six (6) months.
(c) Member Property Managers must provide a
statement to the Client that the CMA is an
estimation of market value only and does not
constitute a valuation, unless the Member
Property Manager is a licensed valuer.
41