Product Description
Get a detailed status of bonds held
Bonds held on rental properties are your protection guarantee should something go wrong at the end of a tenancy. It is important to know the status of your bonds as this process is generally not included in your annual trust account audit.
It is critical that you are aware of the status of all bonds held, as this can be a high-risk area for fidelity claims and if not carefully managed, could lead to PM businesses having to compensate the landlord at the end of the tenancy for excessive expenses where bonds are not held.
A ‘Bond Audit Review’ carried out by a third party, will not only protect your agency in times of discrepancies, but will ensure that you have a clean rent roll that would pass any due diligence test should you with to sell now or in the future, while also providing you with peace of mind that the bonds held are up-to-date.
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