PETER CAMPBELL REALTY IS A MEMBER OF TICA

Default tenants are something that every property investor fears. In an age where we are advised to protect our financial future more and more, people are turning to real estate investment as a means to provide a comfortable lifestyle in their retirement. Many property investors are hard working people who are heavily in debt and require the rental income to meet mortgage repayments.

Unfortunately, in any investment there is a risk factor and a fear, the greatest risk factor and fear in Real Estate investment is that of a tenant not paying their rent or worse still, damaging your property. Due to the diversity of the Real Estate industry tenants in the past were able to abscond from the property owing the owner substantial amounts of money. As a result, of this TICA set out to design a workable and cost effective system that would control the activities of tenants who defaulted. The service has now been established nationally and in New Zealand.

TICA is a central register of tenants who have defaulted under their tenancy agreement. TICA DEFAULT TENANACY CONTROL SYSTEM allows over 12,000 property managers throughout Australia and New Zealand to access its database and inquire if a tenancy applicant has had any defaults registered against them. Peter Campbell Realty searches the default and database prior to accepting any tenancy applications.

As a member of TICA, we are obliged to register any defaults or breaches of a tenancy agreement on the database. TICA fully complies with the guidelines set down by the Privacy Commission of Australia and New Zealand and a self imposed Code of Conduct. Once listed a tenant will remain on file until the outstanding debt has been finalized or the time specified for listing a default by TICA has been completed.

We trust that as a property investor you will appreciate the vital service that the TICA GROUP offers this agency. It is not mandatory for a Real Estate Agent to become a member of TICA and many agents are not members. .

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