IEASA Rental MasterClass - Rental Applications - Friday 22 October 2021
Fri Oct 22, 09:30 - Fri Oct 22, 11:45
Online Webinar
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IEASA Rental MasterClass - Rental Applications - Friday 22 October 2021
– How to Vet Rental Applications Thoroughly to Protect Yourself from Liability!
Processing and vetting rental applications is one of, if not THE, most important activities and responsibilities a rental agent has!
If you do NOT do a thorough check on applications, and something goes wrong – AND are able to prove that you did! - you MAY be held liable for any losses that a landlord may suffer as a result of your ‘negligence’ . . .
Don’t believe it? Take a look at your mandate – most mandates include the following clause, or something similar . . .
In the event that the Tenant has been correctly screened and placed by the Agent in terms of this Mandate Agreement, the Agent cannot be held liable to the Landlord for any loss or damages including the Tenant not paying Rental or vacating the Premises before the Lease Agreement expires.
Source: TPN Mandate, May 2021
In other words . . .
In the event that the Tenant has NOT been correctly screened and placed by the Agent in terms of this Mandate Agreement, the Agent cannot MAY be held liable to the Landlord for any loss or damages including the Tenant not paying Rental or vacating the Premises before the Lease Agreement expires.
Do you have a robust rental application processing procedure that you follow? Is it documented? Do you have documentary proof that you can produce if the landlord alleges that you did not conduct due diligence correctly? Or are you at risk of being held liable for loss of rent or the tenant vacating the premises early simply because you did not do ALL due diligence required – and/or are not able to prove it in the even of a claim?
It’s simply not worth the risk!
In this MasterClass we will be covering this topic thoroughly, AND Shaun Luyt, renowned rental business consultant and trainer, will also be explaining and sharing the best practice and legally compliant Rental Application Vetting Procedure – and accompanying communication templates – that he has developed and refined over years!
Date: Friday 22 October 2021
Time: 09h30 – 11h45
Cost: R300 IEASA members and Non-Members (cost is per attendee)
Location: Online via Zoom
CPD Points: 2 non-verifiable points for personal / professional category
We highly recommend this Rental Masterclass for Interns and experienced rental agents, property practitioners and principals.
All attendees will be issued with a Certificate of Attendance, including 2 non-verifiable CPD points for Professional Development.
For enquiries contact Lee-Ann via [email protected]