Discovering Australia

Periodic agreement The contract is valid for an unlimited period of time; there is no set finishing date. It can be cancelled by both parties with the legal cancellation requirements that apply to each state and territory. Rent may be payable weekly, fortnightly, monthly or any other period agreed by the both you and the landlord. Most states have a Residential Tenancy Tribunal to investigate complaints by landlords and tenants, and disputes over bonds, evictions, excessive rents and repairs. Transfer/Diplomatic Clause Your employer may require that a Transfer or Diplomatic Clause be included in your lease, which would allow you to terminate the lease without a large monetary penalty in the event that you are transferred. Please note: this clause will not be allowed to be written into the initial lease, however when the lease is renewed, and on subsequent lease renewals, a Diplomatic Clause is allowed. Inspection When moving into a rented property, it is important to complete an inventory of the contents and record the condition of the premises. This inspection report may be used as evidence of the state of repair or general condition of the fixtures and fittings in case of a dispute at the end of the tenancy, particularly about the return of the bond and any damage to the premises. Usually the inventory and inspection report are completed within seven days of taking possession and the tenant should receive a copy signed by both parties. A copy is also lodged with the Rental Bond Board. Helpful Hint: The inspection report must be filled out whether a security bond is paid or not. It is advisable that you take photos of existing damage when you move in, as further proof of documentation when you move out. When renting property in Australia, a bond (deposit) which is paid against damages must be paid in advance. The bond is normally higher for furnished than unfurnished properties, so it is important to confirm the amount before you sign the lease. It’s lodged with the Rental Bond Board together with a copy of the inspection (condition) report. At the end of the lease, the condition of the property is evaluated and the bond is returned to you less the cost to repair any damages. Advance Rent In most states, tenants are expected to pay one month’s rent in advance, depending on the type of property and the rental agreement. Additional Costs and Expectations Bond

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Discovering Australia