A property manager has found a tenant for a new landlord client in NSW. Before the residential tenancy agreement is signed, what must the managing agent ensure regarding the landlord information statement?
Correct Answer
C) The landlord has read and understood it and acknowledges this on the agreement
NSW Fair Trading's requirements for managing agents state that before a tenancy agreement is signed, the agent must ensure the landlord has read and understood the landlord information statement and signs an acknowledgment of this on the tenancy agreement. The tenant separately receives the tenant information statement. This makes sure landlords know their obligations before committing to a tenancy.
Why This Is the Correct Answer
The rule targets the landlord's understanding, evidenced by an acknowledgment on the tenancy agreement before signing.
Why the Other Options Are Wrong
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Previous Question
A popular Bondi apartment receives 40 applications at the advertised rent. The property manager emails the shortlisted applicants inviting them to say how much more they would pay per week. How does NSW law treat this?
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A tenant has a 12-month fixed-term lease in NSW. With 80 days left, the landlord gives a valid 90-day notice on the proposed sale ground. The tenant finds another home and wants to leave in three weeks. What is her position?