Thinking of renting?
Be one step ahead! Know your rights.
Many first-time renters are unaware of their rights and obligations. To assist you, we have compiled some quick, helpful tips.
Tips every renter should know!
If you are currently renting or you plan to do so in the future, the following tips can assist you to be prepared and educated.
1. Research
If you are planning to move into a rental property in an area you have not lived in before, ask the lessor or their real estate agent about the area. You could ask where the shops and transport routes are, is the area safe, what type of people live there and so on. Take the time to drive around the area, or sit outside the property for a period of time to get a feel of the neighbourhood.
2. Be Prepared
The best way to impress a prospective lessor or their real estate agent is to be well presented and prepared. Prior to inspecting properties, take the time to obtain references from your previous lessor or real estate agent and employer. This could include a printout of your tenant ledger, copies of routine inspection reports, bond refund documents or wage slips to name a few. You want to stand out over other tenants applying for the property.
3. Payment of Money
When choosing your new home you may be required to pay a holding deposit to secure the property. In some circumstances, if you choose to change your mind you may forfeit this deposit. It is important that you understand the policy of each individual real estate agency to ensure that this does not occur.
4. Rent and Bond
When moving into a property you will be required to pay rent in advance and a security deposit known as a rental bond. Most real estate agents will request the payment of this money in cleared funds prior to you taking possession of the property. Prior to moving into the property ensure that you discuss how much money is required and when payment must be made. The bond is held in trust by the Dept of Building and Housing and will be released when both parties have signed a Bond Refund form, Bond Transfer Form or from an Order by the Tenancy Tribunal. The amount of bond can be no more than 4 weeks rent.
5. The Tenancy Agreement
It is important to understand that when signing a tenancy agreement you are entering into a legally binding agreement. Take the time to carefully read and understand all conditions of the agreement before you sign. If you do not understand any of the conditions don’t be afraid to ask questions.
6. Condition Reports
When you move into the property, the lessor or their agent is required to complete a condition report. This is a report that documents the condition of the property when you take possession. It is important that you take the time to accurately complete this report to minimise disputes at the end of the tenancy. To further reduce disputes at the end of the tenancy you may wish to take photos of the property.
7. Pay Rent on Time
It is a condition on the tenancy agreement that rent must be paid on time and in accordance with the terms set out in the agreement Paying your rent on time will help make the experience of renting much more pleasurable. This will also assist you at the end of the tenancy when you require a reference. And don’t forget – if you are going to be late with the payment of your rent, it is important to let your lessor or their real estate agent know.
8. Keep Notes and Records of Conversations
Once you have entered into a tenancy agreement ensure that you keep notes and records of conversations that take place between the lessor or their real estate agent to reduce the possibility of disputes or misunderstandings. It is advisable to follow up all conversations with a confirmation letter outlining your understanding of the situation.
9. Repairs
Your right as a tenant is to live in a safe and habitable property. Your rental property should be maintained in good repair. It’s important to report problems or concerns in writing to your lessor or their agent.
10. Rent Increases
Rental increases are often a common occurrence when renting a property. For a rental increase to take place the lessor or their real estate agent must do so in accordance with legislation requirements and issue tenants with the appropriate notice in writing.
11. Giving Notice
Terminating a tenancy must be done so in accordance with legislation requirements. When giving notice it is important to discuss the notice requirements with the lessor or their real estate agent and ensure that you always submit your notice in writing.