A letting only is not full management of a property. The owner will engage Magain City Realty to advertise, do the tenant selection, ingoing inspection and tenancy documents. The management of the property is then passed onto the landlord.

Advertising and tenant selection process is the same as would be done for a full management.

See the article below for assistance on how to do the below steps.

Step 1: Enter tenant details into Property Tree. This is required so the bond and rent payment can be receipted along with creation of a reference number which is needed to add into the "congratulations email"

Step 2: Send congratulations email to tenant for deposit payment.

Step 3: Scan application and supporting documents and save to One Drive properties folder under the Property name. There is a separate folder "Let Only Properties"

Step 4: Once deposit has been received and receipted to both rent & bond, enter the remaining tenancy details into Property Tree. (refer to instructions at Step 1)

Step 5: The tenancy agreement is to be prepared. This is done through REI Forms using the template Residential Tenancy Agreement - Letting Only

Step 6: Send tenancy agreement to the tenant via REI Forms

Step 7: When the tenancy agreement has been signed and returned, save a copy to the property folder in One Drive.

Step 8: If we have keys, photocopy the keys onto a key receipt and place the keys and key receipt in the red box folder in the key room.

Step 9: When keys have been collected, send email to tenant attaching a copy of the tenancy agreement and ingoing inspection report. Email template in Property Tree (Residential) Letting Only > Tenant > Welcome to Your New Home.

Ingoing inspection reports are sent through as a digital document to the tenant for completion but in this case, as the tenant is dealing directly with the landlord, a PDF copy of the report is preferred.

Step 10: Send email to the landlord attaching the following documents. Email template in Property Tree

(Residential) Letting Only > Owner - Documents

• Copy of the tenancy agreement

• Copy of the key receipt

• Copy of the ingoing inspection report

• Change of Ownership/Agent form for signing

• Invoice for payment of fees due