Looking For A Rental Property?
- Research the area before making a decision
- Work out what type of home you require
- Look on the internet daily
- Register for alerts so you can be notified when a property is listed
- Look at the quality of home and rental amounts
- Stay within your budget.
- You must view a property before placing an application through to the agent
- Make sure that the home you apply for is what you really want
- You can attend properties via an “Open Home” or by a private appointment
Making a Tenancy Application
- You can download an application form from our website.
- You can apply on Form1 on line
- Application forms are available from our office.
- 100 points of identification is required (photocopy of passport/driver’s license/medicare card
- Proof of income (minimum of 2 pay slips per applicant
- References from prior rental properties
- Application not approved – you will be notified
- Application approve – you will receive a phone call and email with an offer toaccept the property
Signing Your Lease
Now that you have been approved, and your application was successful, a Property Manager will arrange a time sign the Lease, arrange a meeting with you to discuss all aspects of the lease agreement.
The Property Manager will ensure that you understand all the clauses in the lease and outline your responsibilities and obligations as a tenant. The Property Manager will ask if you have any questions before signing the lease.
The lease that you sign is a Residential Tenancy Agreement outlining your obligations as a Tenant and are fully set out in your Lease and in the Residential Tenancies Act (VIC) 1997.
It is the tenants responsibility to ensure you meet all the terms and conditions set out in the lease agreement and your rights and responsibilities when living in a property under a Body Corporate.
When a Lease is signed the following will be required:
- One month’s rent
- The Bond – this is equal to one month’s rent and can be paid on the day of handover of the property.
- You will be provided with a signed copy of the Lease along with a copy of ‘Renting a Home – A guide for tenants’.
- A duty of care booklet to ensure that your tenancy is a comfortable and happy tenancy. These are important documents and should be kept in a safe place.
Property Condition Report
A Property Condition Report will be given to you at the time you move into the property and must be returned to the office within 3 business days. This report requires you to check the condition of the home and make comments in the tenants section.
If this report is not returned to the office, or if you return it unaltered, the original Condition Report is considered to reflect the true condition of the property.
At the end of the lease, the Condition Report on file will be used as a comparison of the property’s condition and will be used as the basis for which any bond is refunded.
- Re-direct your mail from you current home to your new home
- Organise your gas, electricity, phone & internet (Peninsula Estate Agents can organise this for you)
- Insure your contents
- Change your address and notify all relevant authorities/medical/banks/superannuation etc.
- Ensure that you have checked the Condition Report and returned it to our office within 3 days
- Rent must be paid one months in advance in accordance to the terms in your lease
- Rent can be paid via internet banking, Peninsula Estate Agents will supply a reference number
- If your rent is not paid on time, you will be issued with breach notices which will reflect your future rental properties.
- If your rent is more than 14 days in arrears, a Termination Notice will be issued requiring that you vacate the property.
- A routine inspection will be conducted at 3 months after the commencement date of the tenancy
- Thereafter a routine inspection will be conducted every 6 months.
- The landlord may be present at any routine inspections.
- You are may attend any routine inspection.
- Routines are held to ensure that the property is being looked after and to report any maintenance or repairs to the landlord.
Repairs and Maintenance
- Any repairs or maintenance items must be reported to your Property Manager as soon as possible via the website maintenance form.
- The landlord will be informed
- Once the property manager has the approval to go ahead, a work order is sent to the appropriate tradesperson.
- The tradesperson will contact you to organise access to attend to the maintenance
Notice to Vacate
Fixed term lease – A fixed term lease the tenancy ends on the date written in the Lease agreement.
If you know that you will be vacating at the end of your Lease, you must provide 28 days written notice via our website to our office prior to your lease expiring.
You must give us 28 days written notice via our website if you intend to terminate your periodic lease for no cause.
If you need to vacate the property before the end of your fixed term, this can be done via our website. You will incur lease break costs detailed in your Lease for breaking the lease.
These costs include: Rent until a new tenancy commences the Lease term expires. Advertising costs to find another tenant. Upkeep of the property (eg lawn mowing) until relet or the Lease term expires. Leasing fees incurred by the landlord as a result of the breach.
Once all the keys have been returned at the end of the tenancy, a final inspection (or bond inspection) is conducted. The Condition Report compiled at the start of the tenancy is used as a comparison of the condition of the property.
Bond money will be held for:
- Outstanding rent.
- Damage by the tenant.
- Water use if applicable.
This is required only if the ingoing property condition report is not comparable to the outgoing of the tenancy.
Fair wear and tear is always considered and investigated.
Other expenditure for cleaning/gardening required to bring the property back to the comparable condition at the start of the tenancy (fair wear and tear considered).
Tenants have many resources available to provide helpful information, tips, and answers to frequently asked questions in relation to renting out properties.
realestate.com.au This is considered one of the most popular real estate search engines in Australia. They also provide neutral third party information for landlords and tenants.
"Renting a Home: A Guide for Tenants" – Consumer Affairs Victoria. This publication is an easy-to-read guide that explains your rights and responsibilities as a tenant.“Guide to owning, managing and living in an owners corporation” – Consumer Affairs Victoria. This publication is an easy-to-read guide that explains your rights and responsibilities.
The Consumer Affairs Victoria website provides a host of information for both tenants and landlords.