Page 16 - Submission 23-27 Virginia Street North Wollongong

15. How many inspections of each unit will you carry out each
year and will we receive a report of each inspection?

Our Property Management team conducts regular routine inspections on behalf of you
during the tenancy (a maximum of 4 routine inspections per year are allowed under
the Residential Tenancy Agreement).

During a usual tenancy we would conduct the inspections 6 monthly unless otherwise
instructed.

Our team invites the landlord to each inspection. This is not a mandatory
requirement however if you would like to join your manager you are more than
welcome to.

After each routine inspection has been conducted, you will receive a written report on
the Property’s condition. We will ensure that the smoke alarm is in working order and
will note any maintenance issues or requests that your tenant has bought to our
attention. Should there be any major maintenance issues that require immediate
attention we will contact you on our return to the office from the inspection.

16. What is the full cost of your management services?

Peter Taranto Real Estate Charges Proposed Pupovac Group Service Fees
Management fee 8.8% 5% (inclusive of gst)
Monthly administration fee $6.60 Nil
Initial letting fee 1 week rent plus gst Nil
Subsequent letting fee (new tenancies on- 1/2 week rent plus gst
ly) 1 week rent plus gst
Lease preparation fee $33.00 $33.00
Tribunal application: as charged by CTTT At cost
Tribunal attendance: $110.00 flat rate $40.00 flat rate
Newspaper advertising: at cost At cost
Standard for lease sign: No charge No charge
Personalised for lease sign: at cost At cost (6x4 signs are currently $242.00)