Where a written lease is used, the landlord must give the tenant(s) an unsigned copy of the lease before asking them to sign.
Tenants should always read the lease thoroughly before signing and ask questions if they don’t understand any part of it.
The lease outlines:
·
the amount of rent and how it is to be paid
·
the length and type of tenancy
·
the amount of bond required
·
other conditions and rules
·
any special terms agreed by the parties
Short-term leases can be written or
verbal, however, we recommend using written leases.
Landlords and tenants can
use Form 1 - Residential tenancy agreement (Word,
1.5MB).
Long-term leases must be in writing,
using either:
·
Form 1 - Residential tenancy agreement (Word,
1.5MB)
·
Form 2 - Residential tenancy agreement for a fixed
term of more than 5 years (Word, 632KB).
Written leases must accurately
reflect the wording of these official forms.
Extra terms and conditions may be
included, and the agreement must comply with the Residential Tenancies Act
1997.
Don’t forget to upload the signed agreement onto the RealRenta
platform, to form part of the tenancy file.
Source: https://www.consumer.vic.gov.au/housing/renting/types-of-rental-agreements/lease-agreements-or-contracts
Use RealRenta to record all communications between you and your tenant.
Don’t forget to upload all inspection
checklists, photos and videos to the tenancy file.
Use RealRenta to automatically
manage each tenancy.
RealRenta keeps comprehensive records of each transaction with
time and date stamps for auditing purposes.
Use RealRenta for Free for up to
2 months: www.realrenta.com.au
* Get all the benefits of RealRenta’sledger
by using RealRenta Essential- a completely FREE version of RealRenta.
RealRenta Essential enables property investors to take
advantage of RealRenta’s ledger systems by manually entering in all
transactions.
RealRenta Essential provides investors with all the
benefits of the RealRenta platform, minus the automation.
Marlene Liontis
Friday, 26 April 2019
