Acting as landlord for a rental property, whether residential or commercial, includes a number of legal obligations. These laws are in place for a number of reasons including the management of issues with respect to the rental property.
Before your new tenant occupies your property it's essential that they sign a tenancy agreement or lease - not doing so may prolong disputes should they arise. A detailed lease typically incorporates 40 matters including: the sum to be paid as bond; the rent amount and payment frequency; and the commencement and duration of the lease agreement.
Each Australian state and territory has its own regulatory regime regarding tenancy agreements. It's important you careful review the laws governing the rental lease that applies to your property.
Rental bonds offer landlords vital protection. Should substantial damage to your property occur, or the rent remains outstanding once the lease comes to an end, the bond provides security.
The information contained in TenancyCheck.com.au website is general information only and does not constitute legal, financial or compliance advice. As the laws relating to tenancy agreements may have changed we recommend you check with the relevant State or Territory government department. We also recommend that you obtain your own independent legal advice about matters relating to landlord obligations, tenant rights and any legal disputes you may have with a tenant(s).