Change property managers in Canberra
Need a property manager you can trust? Your tenant stays on the same lease when you switch.
Find your investment property address
How switching works
You can change property managers mid-lease by giving the notice your current management agreement requires. Your tenant stays on the same lease and terms; only the agent changes.
- Tell us about the propertyThe address above, or a call on 02 6140 5900.
- We handle the handoverThe ledger, the bond details, the condition report and the keys come across from your current agent.
- Your tenant carries onSame lease, same terms, a new property manager looking after it.
Switching questions
Can I change property managers in the middle of a lease?
Yes. Changing agents does not affect the tenant's lease, which continues on the same terms with the new agent stepping into the management role. You give notice under your current management agreement, and the outgoing agent transfers the ledger, the bond details, the condition report and the keys. The tenancy itself is untouched.
Where is my tenant's bond held?
In the ACT, your tenant's bond is held by the ACT Office of Rental Bonds, not by your agent and not in your agent's trust account. An agent must lodge it within 4 weeks of receiving it or of the tenancy starting, whichever is later; a private landlord has 2 weeks. You can ask your agent to confirm the lodgement, and you should.
How much does a property manager cost in Canberra?
Most Canberra agencies charge a management fee as a percentage of the rent they collect, plus separate fees for things such as letting the property, renewing a lease or attending the tribunal. The headline percentage is not the whole cost, so ask any agent for its full fee schedule in writing before you sign. Call Distinct on 02 6140 5900 and we will set out our fees in writing.
This is general information about ACT tenancy law and real estate agent conduct from Distinct Property Management, a licensed ACT real estate agency, not legal advice. Rules differ in NSW and other states. For a dispute, contact the ACT Civil and Administrative Tribunal (ACAT) or a Canberra tenancy advocate.