“Considerations When Leasing a Residential Property”

Make your building look as good as possible before putting it on the Market. Seemingly superficial aesthetic touches can make a surprising difference in real estate. Clean up the lot, mow and trim any lawns and hedges, have the windows professionally cleaned and remove any graffiti. All of these touches will show that you care about your building and make it more likely to attract tenants. Issues to Consider:

• Base Rent
• Term of the Lease
• Security Bond
• Details of Outgoing Charges, eg Water
• Tenancy Application Form
• Residential Tenancy Agreement
• Bond Lodgement Form
• Rental Guide

After you found a qualified tenant, or tenants, you need to check personal reference, and credit checks.

To avoid any problems arising in the future, it is important that you obtain legal advice prior to entering into a formal Residential Tenancy Agreement so that you clearly understand your rent obligations and to make sure that everything is in order.

PROPERTY VALUING
Getting a Property Rental Price