Meraki Property Management began working with Regional Housing Limited (RHL) in May 2020 as a managing agent for properties that participate in the RHL Community Rent Scheme under a Head Lease Agreement.
A Head Lease Agreement is where a private rental property is rented from the Landlord/Owner by a legal entity, such as a community housing provider (CHP) or a government agency, which then on lets the property to a low income or disadvantaged tenant.
Under this agreement, RHL are the lawful lease holder and they are solely responsible for making sure the property is maintained and that the Landlord/Owner receives their rent on time; overall reducing the significant risk associated with rental properties.
At the end of the Head Lease Agreement, there may be the option to renew or end the agreement. Should the agreement end, Regional Housing Limited are lawfully obligated to return the property to a similar condition it was in at the start of the agreement, based on the Entry Condition Report & Supporting Photos completed by Meraki Property Management at the beginning of the agreement.
Regional Housing Limited guarantee that any damages left by the tenant will be fixed at no cost to the Lessor/Owner.
Meraki Property Management enters the investment property into a Head Lease Agreement, on behalf of the Owner, with Regional Housing for 6-12 month agreement and continue to manage the property throughout this period.
- Rent Receipting & Arrears Processing
- Maintenance Management
- Routine Inspections
- Monthly Statements & Disbursements
- EOFY Statements
- General Overseeing of the Management of the Property while under the Head Lease Agreement