Applying for a property. Once you have inspected a property that meets your needs it is important that you submit your application form as quickly as possible. Application forms may only be submitted at the time of inspection or after inspection of the property. It is important that your application is complete. Ensure to follow the instructions, complete all sections and provide copies of all documents requested.
Insurance. The landlords insurance cover on the property does not cover your belongings. We strongly suggest that you take out comprehensive contents insurance to protect against fire, theft and other perils. In the event that you, another occupier, or visitor damage the property and repairs are required, you could be required to pay the excess applying to the owner`s insurance cover.
Residential Tenancy Agreement (Lease). A residential tenancy agreement is a legal contract between you, as a tenant, and your landlord. It is also commonly called a lease. Ensure you read through your lease before you sign and ask any questions you may have. A residential tenancy agreement includes:
The amount of rent, when and how it is to be paid
The length of the tenancy
The amount of bond required
Other conditions and rules
Bond. A bond is security for the owner in case you do not meet the terms of your lease agreement. Your landlord(s) may claim some or all of the bond for cleaning, repairs, replacement of missing items, or rent owed at the end of your agreement.
Condition report. When you commence a lease, the managing agent or landlord must prepare a condition report that notes the condition of the property, including fittings and fixtures. Anything you notice in the property that is different to what is on the condition report should be noted on the original report before you sign and return it to the managing agent or landlord. It is also a good idea to take photos before you move in to help record its original condition. The condition report is important as it can be used as evidence in any dispute about who should pay for cleaning, damage or replacement of missing items at the end of the lease.