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.
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