Headleased Tenancies Give Peace of Mind to Landlords

Key2 Realty is pleased to partner with many agencies who headlease residential properties for their clients and participants. Headleased tenancies are beneficial to landlords, community organisations and the clients they provide support to.

What is a headleased tenancy?

Having a headlease on your investment property is a great way to add security to your investment portfolio. A headleased tenancy is where a company, leases the property under their name and then sub-lease the property to one of their clients.

Why a headlease tenancy?

The benefit of this arrangement for landlords is the company is responsible for paying the rent, meaning no rent arrears, minimal or nil vacancy periods, internal inspections carried out as well as the managing agent, damage to the property rectified minus fair wear and tear.

This tenancy model allows owners to have a set and forget model for their investment property with varying multi-year long term lease options available to start and then extended continuation periods after that.

What happens if my property is damaged?

Having a headlease on your property means that your “tenant” is the company that leases the property, not the actual occupant of the property. The company that leases the property is solely responsible for the condition of the property and any damage that incurs throughout the leasing period.

If damage does occur during the tenancy, Key2 Realty will address these issues with the leaseholder and come up with a plan to address these issues. If damage occurs when a property is handed back to the owner, Key2 Realty will conduct a thorough outgoing inspection of the property and address these with the leaseholder.

Regular routine inspections will be conducted on your property by Key2 Realty and the leaseholder to prevent damage from occurring and in the event damage does occur, it gets addressed in a timely manner. The leaseholder is responsible for damage but not general wear and tear of items in the property in line with Residential Tenancy Act lease conditions.

Headlease Partners

Key2 Realty has partnerships with many like-minded local organisations put their trust in Key2 Realty to headlease properties for their tenants. With more partners being added regularly, some of the existing valued partners include:

If you are interested in a headlease partnership with Key2 Realty, please reach out to us at 4326 5566.