However, one of the most important steps to take is to decide on a fixed-term lease or term lease. This is only one aspect of the rental right that makes it clear that competent investors should also consider their options for managing their rental properties. Ray White Real Estate-Mangers can help ensure that your rental and notice agreements follow the letter of the law. If you do not wish to renew your termination agreement or continue your periodic contract, you must announce it in writing on the „Notice of Intention to Leave“ form and submit a copy to our office. A written notice of at least two weeks is required. Whatever type of agreement you want to use, it is always necessary for landlords and tenants to communicate with each other when a party withdraws. In addition, a Victoria Consumer Case Guide finds that an inspection cannot last at least three months, and no more than four times a year. The law varies somewhat between states, so check with your competent authority to confirm. A rental agreement is a written agreement between a tenant or resident and a property manager or supplier. PLEASE NOTE: For each person wishing to enter into a rental agreement, a separate application form is required.
As the name suggests, a temporary agreement is established for a predetermined period of time. In this way, both parties know in advance when the agreement expires and have enough time to find new tenants and put the house in order. Homes for sale across Australia can be converted into profitable rental properties by experienced investors, but when it comes to becoming an owner, it is important to understand the legal obligations in terms of leases. Landlords and tenant laws in Australia are designed to protect the rights of both parties when renting a home, but it is always important to understand the differences between different types of leases, as well as ways to streamline the process. Here, Ray White`s property management services can be very helpful.