Renting Tips
A NSW tenancy agreement is a legally binding contract, often for periods of more than a year. In line with the guidance from NSW Fair Trading, before signing a tenancy agreement you must be given a tenancy checklist from the landlord or the agent in charge. You also should make sure you have the following information:
- A bond lodgment form
- The checklist itself
- Your tenancy agreement
- Two copies of the report detailing the condition of the rental property
- Any repairs that will be made by the landlord, recorded in writing
- A certificate of compliance for any spa or pool on the property (as of April 29, 2016)
Key steps in the tenancy application process
Tenancy Application Form
A tenancy application needs to be completed and signed before moving in, and will require references for you as well. A reference can come from a previous landlord, a property manager, an employer, etc.
Identification
You will need to provide 100 points of ID, including photo ID. Examples of these include drivers license, proof of ID card, Medicare Card, birth certificate, passport, bank card, etc
Fees and Costs
Before collecting the keys to your new rental, we will require two weeks rent payment to ensure you start you lease in advance. This rent payment will be applied to your lease start date, making sure you're first two weeks are already done and dusted.
Rental Bond
A bond payment of four weeks rent is payable prior to the commencement of the lease and is held by the Rental Bond Board in the event the property is damaged at the end of your lease. For example, if your rent is $500pw, bond for the property will be $2,000. The bond amount is returned to you if the home is in a reasonable condition at the end of your lease.