A tenancy agreement in Australia is a legal contract between a landlord or rental provider (the person who owns the property) and a tenant (the person renting it). It sets out the rules and responsibilities for both parties during the rental period. It’s basically a set of rules that both the tenant and landlord agree to follow to avoid misunderstandings.
Here’s a simple breakdown:
What it covers:
- How long the tenant can stay (fixed term, like 12 months, or ongoing).
- How much rent the tenant needs to pay and when.
- Who is responsible for things like repairs, maintenance, and paying utility bills.
- Rules about living in the property, like whether pets are allowed or if the tenant can make changes to the property.
Why it’s important:
- It protects the tenant by giving them clear rights, like not being evicted unfairly.
- It protects the landlord by ensuring the tenant pays rent and takes care of the property.
Common names:
- It’s also called a lease agreement or rental agreement.
Key info:
- In nearly all states of Australia, lease agreements must be in writing and must follow a 'prescribed form' (that is a set of standard terms)
With PropertyNow, you can generate and sign a complaint tenancy agreement in just a few clicks.