A managing agent collects rent throughout March for a landlord who has given no special payment instructions. When must the agent pay the landlord?
Correct Answer
B) At the end of the calendar month, less authorised expenses
Schedule 1, rule 19 of the Property and Stock Agents Regulation 2022 requires an agent to pay rental money for each calendar month, less authorised expenses, owing to a landlord under a residential tenancy agreement at the end of each calendar month, unless the landlord instructs otherwise.
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