RENTGUARD

SAFEGUARD YOUR RENTAL INCOME

for Risk Free Property Investment

LEARN MORE ABOUT:

2 Year RentGuard
5 Year RentGuard
10 Year RentGuard

The RentGuard™ program is a financial security option on an investment property that safeguards rental income to the landlord from day one through to the end of the agreed period, either 2, 5 or 10 years depending on the dwelling type and location.

Key Benefits of RentGuard™

2 Year Dual Dwelling and Single Detached Dwelling

Should you choose to build an investment property with Gallery Homes, you will receive guaranteed rent for 2 years!

Why choose a leaseback over normal property management?

  • Rent paid monthly, one month in advance.
  • Guaranteed rent, regardless of vacancy period.
  • 7%(Dual Dwelling) / 5.5%(Single Detached) rental return.
  • Free professional photography.
  • No additional hidden costs.
  • Industry standard property management fee of 8% + GST.
  • Track everything through the asset management portal.


2 year Rentguard on select estates only. Contact your BDM to find out more.

DOWNLOAD BROCHURE (QLD SINGLE) DOWNLOAD BROCHURE (QLD DUAL)

When do my rental income payments commence?

Rental income payments commence 28 days from receiving your final build payment, or the return of your executed RentGuard documentation - whichever is the latter.

Will I receive a rental increase during the RentGuard program?

Yes, rent increase profits are shared with you during the 10-year period.

How regular will I receive payment?

All funds are disbursed on the first business day of each new month. You will receive a full statement of account showing rental income and expenses such as management, letting, sundry costs and maintenance.

What happens when the 2-year RentGuard Program expires?

The current sub-leasing tenants are transferred to you as the direct owner. The responsibility for maintenance, vacancy periods etc. are also passed onto you. Gallery Real Estate will continue to provide property management services. Gallery also re-carpet and re-paint the property.

Who pays to maintain the property during the 2 years?

We maintain the property except for fair wear and tear, examples include servicing of air-conditioners and hot water systems.

Will my builders warranty still apply?

Yes – in fact, under the RentGuard 10 year program, the standard builders warranty will be automatically extended.

Can I sell my investment property during the 2-year leaseback?

Yes. There are a few terms and conditions surrounding the sale which are detailed within the leaseback contract such as;

  • Paying back any advanced rent paid to you by Gallery Leasing.
  • Providing the correct amount of notice to your investment manager and tenants.
  • Ensure the lease contracts currently in place are upheld with the purchaser.
  • Leaseback option can be transferred to the purchaser.

What regular additional charges can I expect to pay for as the owner?

As the owner of the property, there are some responsibilities that remain with you such as:

  • Water & Land Rates.
  • Smoke Alarm Inspections.
  • Termite and Pest Inspections / Treatment.
  • Building, Contents & Landlord Insurance.

Who coordinates bills and insurances?

You can opt to have your contact address updated with your rates suppliers to reflect ours. We can also set up your contents and landlord insurances for you too.

Where can I track Expenses?

All expenses are noted on your monthly statement and copies of invoices are sent to you for your records, helping to simplify your annual tax returns. The RentGuard program offers you 24/7 access to a portal which connects to your property, statements and inspections at anytime.

5 Year Single Detached Dwelling QLD / VIC

Should you choose to build an investment property with Gallery Homes, you will receive guaranteed rent for 5 years!

Key Benefits of RentGuard

  • Rent paid monthly, one month in advance.
  • Guaranteed rent, regardless of vacancy period.
  • 4.5%(QLD) / 4%(VIC) rental return.
  • Free professional photography.
  • No additional hidden costs.
  • Industry standard property management fee of 8% + GST.
  • Track everything through the asset management portal.

(QLD) DOWNLOAD BROCHURE (VIC) DOWNLOAD BROCHURE

Why choose a leaseback over normal property management?

  • 4.5%(QLD) / 4%(VIC) rental return on your investment
  • Rent paid monthly & in advance
  • No need to worry about vacancy periods
  • No additional hidden costs
  • Low management fee of 8% + GST
  • Gallery leasing will continue to pay rent to you even if the following occurs.

  • The property is vacant
  • The tenant is late to pay their rent
  • The tenant defaults on their lease agreement and obligations
  • The tenant vacates owing money over their bond refund balance held with the RTA

When does my agreement commence?

Your leaseback agreement will commence 28 days from receipt of your practical completion payment or the return of your executed leaseback documentation, whichever is the latter.

When do I start to receive my rental payments?

All funds are disbursed on the first (QLD) business day of the new month.

EG: If your lease commences in February then your first payment will be received on the first (QLD) business day of March. The initial leaseback payment is a total of 1 month rent and monthly thereafter.

You will receive a full statement of account each month showing the rental income and expenses such as management, letting and sundry costs as well as any maintenance required in accordance with RTA legislation or your builders warranty such as smoke alarms, termite inspections etc.

What happens when the 5year leaseback expires?

When the leaseback expires the current sub-leasing tenants will then be transferred to you. Gallery Real Estate Group will continue to manage your investment for you. The responsibility for maintenance, vacancy periods etc. are also passed on to you at the expiration of the leaseback agreement.

Can I sell my investment property during the 5-year leaseback?

Yes, of course, you can. It’s still your property after all.

We understand that life can change at the drop of a hat and sometimes there comes a need to sell your investments. There are a few terms and conditions surrounding the sale which are detailed in the leaseback contract such as;

  • Paying back any advanced rent paid to you by Gallery Leasing
  • Providing the correct amount of notice to your investment manager and tenants
  • Ensure the lease contracts currently in place are upheld with the purchaser
  • Leaseback option can be transferred to the purchaser

Who pays to maintain the property during the 5 years?

Gallery Leasing will be responsible for most nonstructural repair and maintenance. We maintain the property except for fair wear and tear, examples include servicing or air-conditioners, hot water systems.

What regular additional charges can I expect to have to pay for as the owner?

As the owner of the property, there are some responsibilities that remain with you such as;

  • Water & Land Rates
  • Smoke Alarm Inspections
  • Termite and Pest Inspections/Treatment
  • Building, Contents & Landlord Insurance

We have tried to minimize the worry for you by allowing you to have your contact address updated with your rates suppliers to reflect ours, similarly with the insurances we can set up your contents and landlord insurances for you and all future accounts can be sent to us for processing & payment.

Unfortunately, we are unable to set up building insurance for you, but we do have a streamlined process to assist you in setting it up.

By taking this option all your accounts for your investment are taken care of for you, it’s a carefree investment plan! All expenses are noted on your monthly statement and copies of invoices are sent to you for your records, so it also makes your annual tax return that much simpler.

10 Year Dual Dwelling Queensland

Should you choose to build a dual dwelling investment property with Gallery Homes, you will receive guaranteed rent for 10 years!

Key Benefits of RentGuard

  • Re-carpeted & re-painted at the end of 10 years.
  • Rent paid monthly, one month in advance.
  • Guaranteed rent, regardless of vacancy period.
  • 5% rental return.
  • Free professional photography.
  • No additional hidden costs.
  • Industry standard property management fee of 8% + GST.
  • Track everything through the asset management portal.

(QLD) DOWNLOAD BROCHURE

When do my rental income payments commence?

Rental income payments commence 28 days from receiving your final build payment, or the return of your executed RentGuard documentation - whichever is the latter.

Will I receive a rental increase during the RentGuard program?

Yes, rent increase profits are shared with you during the 10-year period.

How regular will I receive payment?

All funds are disbursed on the first business day of each new month. You will receive a full statement of account showing rental income and expenses such as management, letting, sundry costs and maintenance.

What happens when the 10-year RentGuard Program expires?

The current sub-leasing tenants are transferred to you as the direct owner. The responsibility for maintenance, vacancy periods etc. are also passed onto you. Gallery Real Estate will continue to provide property management services. Gallery also re-carpet and re-paint the property.

Who pays to maintain the property during the 10 years?

We maintain the property except for fair wear and tear, examples include servicing of air-conditioners and hot water systems.

Will my builders warranty still apply?

Yes – in fact, under the RentGuard 10 year program, the standard builders warranty will be automatically extended.

Can I sell my investment property during the 10-year leaseback?

Yes. There are a few terms and conditions surrounding the sale which are detailed within the leaseback contract such as;

  • Paying back any advanced rent paid to you by Gallery Leasing.
  • Providing the correct amount of notice to your investment manager and tenants.
  • Ensure the lease contracts currently in place are upheld with the purchaser.
  • Leaseback option can be transferred to the purchaser.

What regular additional charges can I expect to pay for as the owner?

As the owner of the property, there are some responsibilities that remain with you such as:

  • Water & Land Rates.
  • Smoke Alarm Inspections.
  • Termite and Pest Inspections / Treatment.
  • Building, Contents & Landlord Insurance.

Who coordinates bills and insurances?

You can opt to have your contact address updated with your rates suppliers to reflect ours. We can also set up your contents and landlord insurances for you too.

Where can I track Expenses?

All expenses are noted on your monthly statement and copies of invoices are sent to you for your records, helping to simplify your annual tax returns. The RentGuard program offers you 24/7 access to a portal which connects to your property, statements and inspections at anytime.

Enquire

Kristy Lord

GENERAL MANAGER ASSET MANAGEMENT