Magna Realty carries out tenancy and property management of NRAS dwellings for a range of NRAS approved properties and participants, including its parent company, Access Housing Australia Ltd. As an NRAS tenancy and property manager, Magna Realty’s responsibilities include;
ensuring the dwelling is activated under the scheme, strict time frames apply.
viewings and appointments with NRAS eligible tenants.
ensuring the dwelling is rented at an eligible rental amount at all times, in compliance with valuations and the NRAS index.
ensuring the dwelling is rented to a household with income not exceeding the limits set by the scheme
using approved documents and agreements and
supporting ongoing compliance and providing required information for annual reporting.
The NRAS reporting and compliance requirements to Government are detailed and complex and any mistakes or timing failures in submitting information can result in the loss of the NRAS tax credit.
To help ensure NRAS investors supply correct, comprehensive and complete reporting material back to NRAS, Magna Realty has established its own robust compliance reporting systems. This has been done to ensure that Magna Realty is able to provide its investors with a professional and compliant property and tenancy management service whilst ensuring Australian Government reporting requirements are able to be met. For more information visit website #real estate rivervale.
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