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What You Should Know About Rental Obligations 

Without the regulations bought about by the Residential Tenancies Act being made law, rentals could be a minefield of misunderstandings and ill feeling. Tenants must be supplied with information regarding their rights and obligations before they sign a lease. http://www.propertymanagementrye.com.au

 

 
 
Tags:  Real Estate Rye  Real Estate Rosebud 
Views:  119
Published:  January 09, 2012
 
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Slide 1: What You Should Know About Rental Obligations Everyday people are seeking rental accommodation worldwide, whether it is in houses, flats, townhouses or duplexes. Sometimes it is a matter of what you choose as to the amount of rental fees you can be charged, but whatever your choice is, the laws governing rentals are basically the same in most states of Australia. Whether you are a tenant, landlord or property manager caring for the premises on behalf of the landlord, you must fulfill certain obligations, before and after the start of the tenancy. These regulations were put in place by the Residential Tenancies Authority in order to protect the rights of all parties. Most people seeking rental accommodation go to a real estate Rye agency, mainly one that has property management services, but there are others who answer private advertisements lodged in newspapers by landlords who manage their own investment. Either way, the requirements are the same. When they find lodgings in an area and a rental fee that suits them, the prospective tenants are given a chance to look it over. If satisfied and they wish to proceed with the tenancy, they are given the rental lease to check over and sign if happy with it. Before they are given the lease, the landlord or management must have included any further fees that they require to be paid for by the tenant, such as water charge for the premises they will be renting. Once the lease is signed by both tenant and real estate Rosebud management or landlord, the bond and rent which is usually two weeks ahead, is paid by the tenant, and a receipt for both must be issued to the tenant immediately. This bond must be lodged with the Rental Bond Authority within a specified time, and if the tenant does not receive a receipt for the bond from this department within the time that they should have it, they must contact the landlord or agency to ensure that it has indeed been lodged. Once the lease and bond have been formalized, the new tenants are given a Condition Report form which enables them to point out any defects or damage that has not been listed by the agency. This protects them from being charged for problems which have been caused by previous tenants. This is a check that should be done slowly and thoroughly. Before tenants move into premises, the landlord or his management must ensure that working smoke alarms are installed for the safety of the tenants and the protection of his investment. During the tenancy, it becomes the responsibility of the tenants to keep it clean and in well maintained working order. This includes testing and changing batteries when necessary. The landlord is obligated to repair defective fixtures such as stoves and hot water systems when needed, and must also provide an emergency contact number in case one happens. Once tenants are installed they must keep the premises clean, free from vermin and damage and keep the yard well maintained. Law requires both parties to keep carry out their obligations to each other. http://www.propertymanagementrye.com.au

   
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