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Depreciation & Maintenance Schedules

Landlords who want to achieve good rental returns should have a regular maintenance schedule to ensure their property remains in good condition.

This is also a matter of necessity due to the requirements of the Residential Tenancies and Rooming Accommodation Act.

This legislation requires that at the start of a tenancy, a residential property should be clean and fit for a tenant to live in and that the premises and inclusions are in good repair. This obligation extends throughout the term of the tenancy.

Additionally, as a property ages so does it’s inclusions. Property inclusions come with a ‘standard life expectancy’, and this can be taken into consideration should a matter with a tenant require escalation to Tribunal, as consideration for depreciation is often applied.

Landlords must be prepared to commit to an ongoing maintenance schedule and any ongoing costs associated with this.

Below is a list of some property inclusions and their ‘standard life expectancy’ and their recommended maintenance schedule.

BUILDING & CONTENTS

ITEM

LIFE

RECOMMENDED MAINTENANCE SCHEDULE

Paint – Internal 10 years Recommend Repaint after 10 years
Paint – External 10 years Recommend Repaint after 10 years
Roof – ColourBond 70 years Gutter Clean & Inspection – 12-24 months, 
Repair / Replace as needed
Roof – Tiled 50 – 60 years Restoration approx. 10-15 years
Termite Barrier
(Chemical)
8 – 10 years Visual Inspection – Annually (warranty),
Replenishment – 8-10 years
Termite Barrier
(Physical)
20 years Visual Inspection – Annually (warranty),
Replace as needed
Timber Deck 10 – 15 years Oil / Refinish – 12-24 months,
Repair / Replace as needed
Carpet 10 years Professional Cleaning – 24 months,
Repair / Replace as needed
Blinds 10 – 20 years Service – Annually,
Repair / Replace as needed
Silicone 
(Wet Areas)
10 – 15 years Replacement every 12-24 months

ELECTRICAL & APPLIANCES

ITEM

LIFE

RECOMMENDED MAINTENANCE SCHEDULE

Hot Water System 7 – 10 years Repair / Replace as needed
Stove 7 – 10 years Repair / Replace as needed
Oven 7 – 10 years Repair / Replace as needed
Rangehood 7 – 10 years Repair / Replace as needed
Dishwasher 7 – 10 years Repair / Replace as needed
Air Conditioner 7 – 10 years Sanitisation (Mould Removal) – Annually,
Repair / Replace as needed
Garage Motor 7 – 10 years Service – Annually (Warranty Requirement),
Repair / Replace as needed
Light Fittings 7 – 10 years Repair / Replace as needed

Please Note: the above information is dependant on the quality of item, the general maintenance and use. Life expectancy and maintenance requirements are subject to change based on the needs of the item and general use.

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