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  • RENT
    • Rental Properties
    • Commercial Leases
    • Tenants
      • Tenant Information
      • Register for an inspection
      • Tenant Application
      • Maintenance Request Form
      • Notice To Vacate
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      • Landlord FAQ’s
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A desk setup with a calculator, pen, and alarm clock, symbolising end-of-year financial preparation, representing tax time for rental property owners and aligned with tax tips for Australian property investors.
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TAX TIPS FOR AUSTRALIAN PROPERTY INVESTORS
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CO-LOCATED HOUSING IN SOUTH AUSTRALIA
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PROPERTY DEPRECIATION FOR INVESTORS: WHAT YOU NEED TO KNOW
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A simple guide to understanding Rental Bonds When your tenancy in South Australia comes to an end, understanding how to manage and reclaim your rental bond (held as a security deposit against potential damages or lease breaches) is crucial. Initiating the Bond Refund At the end of a tenancy, both the tenant and the property manager or landlord must agree on the refund amount of the rental bond. Agreement on this amount is essential for a smooth process, as it reflects the property’s condition relative to the lease terms. Once an agreement is reached, either party can request a refund through their Residential Bonds Online (RBO) account, managed by Consumer and Business Services (CBS). Depending on the account details, CBS will release the funds directly to a bank account or send a cheque by mail. Ensuring a Quick Refund Process In instances where there is no dispute over the bond amount, the refund process is expedited and can typically be completed within five working days through RBO. This efficiency helps both tenants and landlords finalise their agreements promptly and amicably. Addressing Disputes Over the Bond Disputes about how the bond should be divided can complicate the refund process. If parties cannot reach an agreement, the first claim filed through RBO is treated as a non-consented claim and may require further steps to resolve. To prevent disputes from escalating, it is advisable to engage in open communication and attempt to reach a mutual agreement before making formal claims. Preventing Disputes Both tenants and landlords can take proactive steps to minimise the likelihood of disputes: Tenants should ensure that rent is paid through the end of the lease, all utility bills are settled, and the property’s condition is well-documented upon departure compared to when they moved in. Keeping contact details updated in RBO can facilitate quicker communication and refund processing. Landlords need to understand what constitutes fair wear and tear and should maintain detailed records of the property’s condition before the tenancy begins to protect against unfounded claims. Handling Extended Claims If a property manager or landlord makes a claim on the bond twelve months after the tenancy has ended without prior action, the matter must be addressed through the South Australian Civil and Administrative Tribunal (SACAT). This ensures that all parties have a fair platform to resolve their disputes. Understanding the rental bond claim process is vital for both tenants and landlords. It ensures that all parties are treated fairly and that the bond is returned correctly and promptly when all conditions are met. For more complex situations or additional guidance, consider consulting with your property manager, legal experts or directly contacting Consumer and Business Services.
  • Blog

RENTAL BONDS – A SIMPLE GUIDE

When your tenancy in South Australia comes to an end, it important to understand how to manage and reclaim your rental bond (held as a...
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Published on Aug 12, 2024
Close-up of a handwritten note labeled 'Capital Gains Tax' next to a calculator and financial documents, suggesting preparation by a property investor for tax calculations.
  • NEWS

Capital gains tax for the savvy property investor

Just like death and taxes are guaranteed for all humans, capital gains tax (CGT) is typically a guaranteed levy you’ll pay when you sell an...
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Published on Aug 05, 2024
A couple is consulting a professional about selling your house, sitting at a table with documents spread out in front of them, emphasizing the careful consideration and planning involved in the home-selling process.
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ESSENTIAL STEPS TO SELLING YOUR HOUSE FAST

Discover essential steps to prepare your home for a quick and successful sale in our latest blog post. Learn how deep cleaning, decluttering, and staging...
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Published on Jul 29, 2024
A portrait of Amal, a distinguished property manager and managing director, smiling warmly. Amal, known for her expertise providing support for people who are investing in property, is pictured outdoors with a backdrop of a white wooden fence and a leafy plant, illustrating her approachable and professional demeanor in the real estate industry.
  • Blog

5 EXPERTS YOU NEED WHEN INVESTING IN PROPERTY

Investing in property requires assembling a reliable team to ensure your venture is both protected and profitable. Learn the five critical types of experts you'll...
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Published on Jul 22, 2024
A woman is browsing rental property listings on a laptop at an outdoor cafe, the screen displaying a search interface with options for city and budget.
  • Blog

Rental property – How can I make my rental application shine?

The Australian rental market is currently very competitive due to an imbalance between supply and demand. According to Statista, Adelaide (along with Perth) has the...
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Published on Jul 14, 2024
Chalkboard with the phrase 'RENTAL LAW 101' written in large, bold letters, highlighting the introduction of new rental rules in South Australia.
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What Are the New Rental Rules in South Australia?

What are the new rental rules in South Australia? As of 1st July 2024, significant changes to the rental legislation will come into effect, aimed...
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Published on Jul 01, 2024
  • NEWS

Land tax 101 – What is land tax

Understanding land tax is crucial for property investors in South Australia. This annual tax is calculated based on the combined site value of your land...
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Published on Jun 17, 2024
A cozy living room corner featuring a stylish navy blue chair with gold accents, a white vase filled with vibrant red and pink flowers on a glass table, and a light grey sofa adorned with blue and grey cushions.
  • NEWS

Top Tips for Making Your Rental Property Feel Like Home

Renting a home offers flexibility and freedom, but it can be challenging to make it feel personal and cozy within lease restrictions. This blog provides...
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Published on Jun 09, 2024
Blue alarm clock with the words 'TAX TIME' on a bright yellow background, symbolizing the urgency and importance of preparing for tax season.
  • NEWS

INVESTMENT PROPERTY OWNER TIPS FOR TAX TIME

In today's competitive real estate market, first impressions are everything. Professional photography is a game-changer for selling or leasing your property, making your listings stand...
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Published on Jun 03, 2024
Professional photographer using a high-quality camera to capture images, illustrating the importance of professional photography in real estate marketing for showcasing properties effectively.
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REAL ESTATE SALES THE POWER OF PROFESSIONAL PHOTOGRAPHY

In today's REAL ESTATE SALES market, that first glance at a listing can seal the deal. For property managers, using professional photography isn’t just a...
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Published on May 27, 2024
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Amkar Real Estate
PO Box 642, Glenside 5065
T: 0401 242 352
E: [email protected]
  • HOME
  • RENT
    • Rental Properties
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    • Tenants
    • Landlords
  • BUY
    • Residential Listings
    • Vacant Land
    • Auctions
    • Off Market
  • SELL
    • Why Sell with AMKAR?
    • Request a Market Appraisal
    • Recently Sold
  • NEWS
  • ABOUT US
    • Our People
    • Our Story
    • Testimonials
  • CONTACT US
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