Tenancy agreements are pretty easy to understand if you apply common sense. The terminology can get a little tricky though and rights and responsibilities of both parties are not always clearly understood. http://www.propertymanagementrye.com.au

1. Tenancy Agreements – A Basic Explanation
Tenancy agreements are, at their most basic level, agreements between two parties, the
property owner and the prospective tenant, regarding the use of the owner’s property. A
tenancy agreement is more commonly called a lease and can be in the form of a written
document or a legal agreement. In the interest of protecting both parties, it is advisable to
have a formal lease agreement in place in writing. This way there can be no confusion about
the terms of the lease.
There are two basic types of leases – fixed-term leases and periodic leases. In both cases,
the lease should state exactly how much rent you are to pay, where you are to pay it to and
the date that it needs to be paid monthly. Many tenancy agreements allow for the
appointment of an agent, for example a real estate Rye management company, to represent
the landlord. The agreement must also set out the terms in a clear manner, i.e. whether or
not the tenancy is fixed or periodic, and the rights and responsibilities of each party. The
lease agreement must also lay out any bond that is required.
The main difference between a fixed term lease and a periodic one is that the fixed term
lease will expire at a set date. Should the landlord or tenant not end the tenancy at this
point and, if no new lease is signed, this will automatically become a periodic lease
agreement. A periodic lease agreement can run for an indefinite time and can be ended by
either party if sufficient notice is given.
As a prospective tenant, you are entitled to receive a copy of the proposed lease
agreement. It is your responsibility to make sure that you read it properly and have any
areas that are unclear cleared up. This will be a legally binding agreement once signed so
make sure that you are happy with the terms laid out.
Once you have signed the lease agreement, the landlord has two weeks to provide you with
a signed copy of it. The landlord is obliged to give you full contact details of either
themselves or their agents, including an emergency contact number. They must give these
to you, at latest, on the day that your lease agreement starts. They are also legally bound
to update these details with you within a week if they change. If the landlord appoints an
agent, you must be receive a written notification. You must also be provided with details of
whoever can authorize repairs that are urgent.
Legally speaking, you usually cannot be refused tenancy on the grounds that you have
children but can be refused tenancy if you have pets. Find out before signing the lease
whether or not pets are allowed. In many cases, pets that do not damage the property or
that will not be a nuisance to neighbors will be allowed. This does, however, exclude a
number of dogs and cats. Pets that are dangerous can lead to your being asked to vacate so
discuss any pet arrangements before you sign the lease with real estate Rosebud.
In general though, the rules are pretty much common sense ones. They are there to protect
the rights of both properties and consideration by both parties for the others needs will go a
long way to creating a peaceful tenancy agreement.
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