Published on: 2009-11-05

Real Estate Agents Act 2008 – Property Management

Real Estate Agents Act 2008 – Property Management

Dancing in the rain

The 2008 Real Estate Agents’ Act comes into force on November 17. The act specifically excludes Property Management, so many of the safeguards that you enjoyed in the past will no longer be compulsory. However, in the interests of retaining these protections Lodge City Rentals Ltd will continue with them within our business, which includes having an audited trust account. We believe that clients deserve to be reassured that their rent is protected.

If this was a standard adopted by the financial industry, the downfall of companies such as Blue Chip would not have seen such widespread and severe reverberations through the investment community. We trust other rental companies will follow our lead.