“Is there a standard timeframe for me to receive the rent from my property, or does this vary from agency to agency?” – Owner, NSW
We asked LJ Hooker Gosford Business Development Manager, Madeleine Smith for her advice.
Madeleine said it is standard practice in NSW for an agent to account to their landlords a minimum of monthly.
“However, this can vary upon agreement and will be stipulated in your Management Agency Authority,” she said.
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“Some agents will offer mid-month and even weekly payments, depending on your state and agreement.”
“Remember though, your agent can only pay the rent that they have received from the tenant within that period.”
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