Commencing a Tenancy
Upon notice of your successful application, your asset manager will arrange an appointment with you to meet at our office to sign your Lease Agreement. In-going costs are required to be paid at this time, which will usually include one week’s rent (plus a holding deposit which will give you the first 2 weeks’ rental payments), a bond equal to 4 weeks’ rent and possibly a pet bond of $260.00 if required. The full amount will be outlined to you prior to your appointment.
The new legislation will be commencing on the 1st July 2013 and will change the deposit required. This will be updated upon the change.
Any questions you have will be explained by your asset manager, and you will receive a copy of the lease for your records.
The bond is generally four weeks’ rent and paid by yourself, which is then sent to the State Government’s Bond Administrator who will hold the bond until the end of the tenancy. Both you and the agent sign the bond into the account and both sign it out of the account.
To cover any costs that you may have to pay at the conclusion of your tenancy, a security bond is to be paid in advance. This can be used to cover such things as damage you have caused to the premises or contents or water charges.
An important part of your move is the organisation of service connections. Direct Connect can assist you in the connection of such services as electricity, gas, phone, internet, pay TV, removals, insurance, cleaning, and truck hire. Their assistance is free of charge (other than standard application fees charged by the retailers) should you choose to use them. Click below to fill in your Utility Application Form:
As outlined in your Lease Agreement, all rental payments are due in advance and as agreed in your lease. Various methods of payments are available and will be explained to you when signing your lease.
Rent that is over due by more than one day will result in the issuing of a Breach of Agreement Notice. A Termination Notice will be issued if the breach is not remedied in the prescribed time, which will require you to vacate the property.
Should you be having any difficulty in paying your rent you are advised to contact your asset manager to discuss it with them, as being consistently in breach could hinder your chances of renting properties in the future.
It is the owner or strata company’s responsibility to ensure that the building in which you occupy is insured, however you are required to insure your own contents.
Property Condition Reports
A Property Condition Report (or PCR) is a document you will receive at the time of signing your lease or posted to you not long after. You are provided with 7 days to check the PCR against the property, add any comments (keeping in mind fair wear and tear), and to sign and return the document to our office. If we do not receive the signed PCR or it is returned unaltered, it will be taken that the original report is in accordance with the condition of the property. The PCR will be referred to as a comparison at the conclusion of your tenancy, and will be used as the basis for the refund of any bond monies.