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To protect the landlord, the other party must be mentioned as a co-tenant in the contract and not as a surety. Not only do digital leases make life easier for all stakeholders, but they also integrate into the blockchain to provide an overview of rental market trends, a major step forward for the real estate sector. There will now be centralized data protocols that will determine how much property has been leased, how long a property has been leased and how long it has been spent freely/on the market, including metrics that were not previously available or that needed to be carefully prepared manually. REIQ developed the proceeds of the lease with the support of the Australian company Igloo, which has a blockchain-Smart Contract platform. REIQ members seeking additional advice on this or any other area of property management can call the PMSS team at 1300MYREIQ (1300 697 347) or pmsupport@reiq.com.au an email. Not a member? Join us today! Follow this link to a QCAT claim order that provides a good overview of what to keep in mind when a tenant is a business, or read this article to take a closer look at companies that enter into leases. Yes, according to Section 28 of the Residential Tenancies and Rooming Accommodation Act 2008, a minor can enter into a tenancy agreement, since tenants do not have to be 18 years old. If things break or are damaged during a lease, it can be difficult for a property manager to train… However, property managers must be as diligent as any rental procedure and evaluate the selection criteria. The same questions apply – “Can the applicant prove that he can pay the rent?” or “Can the applicant prove that he can meet the tenancy obligations?” For many Australians who live in rented apartments, there is a good chance that they do not know where their copy of the rental agreement is or that they do not know the ins and outs of the contract. It is also likely that once they found their rent, there would have been a good back-and-forth between the applicant and the broker to sign, conclude and accept the lease. Today, the Real Estate Institute of Queensland (REIQ) announced the introduction of the Blockchain for the execution of leases.