Applying for a property
Now that you’ve found the rental property you want to lease it’s time to apply for it by completing an application form (available on our Renting page). Your application should also include a copy of your photo ID, previous rent receipts and any supporting documentation. The sooner you get your application in and the more information you can provide the quicker your application will be processed, which is generally within 48 hours of being received complete. There are many applications for each and every property so there is a lot to check through and confirm, do not be disheartened if you don’t hear back immediately!
A holding deposit can only be taken once your application has been approved and the amount is usually equivalent to one weeks rent. Your deposit will secure the property to your move in date. Holding deposits are not refunded if you change your mind.
Your rental bond will be lodged with the NSW Department of Fair Trading. The bond is held as security against any damage or undue wear and tear. The bond will be refunded promptly after you vacate, providing the property is left in as close as possible to the condition as when your tenancy commenced and there are no monies owing.
Insuring your personal items
You should definitely take out your own contents insurance when renting a property to cover your personal possessions.
Maintenance – keeping it up
When you’re renting a property, don’t let maintenance issues build up around you. Always inform your landlord or property manager of any problems that require attention so repairs can be expedited. We have an online maintenance form in on our Renting page. If the matter is urgent contact our office (after hours your call will be diverted to the property manager on call).
Understanding “Rent in Advance”
Please ensure your rent is always paid in advance. Some tenants find this concept hard to understand, and some mistakenly believe that the first 2 weeks rent paid is held in trust for use at the end of tenancy, like a bond.
It is important to note the first 2 weeks rent paid is for your first 2 weeks of tenancy, so at the end of the first week, you are only 1 week in advance.
It is always important to maintain your rent in advance, therefore after moving in your next rent payment should be made within the following week. ie. for example if you moved in on Friday your rent is due on the following Friday.
During the course of your tenancy, the premises will be inspected periodically by Street Property Group. Our office will contact you to arrange a mutually convenient time.
Termination of the Residential Tenancy Agreement
Your Residential Tenancy agreement is a legal and binding contract, providing protection for both you and the Landlord. You can terminate the Residential Tenancy Agreement in the following ways:
Lease Break -
- If you intend to vacate at the end of your Residential Tenancy Agreement you are required to give fourteen (14) days written notice prior to the expiry of the fixed term of your Agreement
Once the fixed term has expired, you are at liberty to continue living at the property or to vacate. If you intend to vacate, written notice to that effect must be received by our office at least twenty one (21) days prior to vacating
If however, unforeseen circumstance arise and you have to vacate prior to the expiration of your Residential Tenancy Agreement, please contact your Property Manager immediately and we will endeavour to find another suitable tenant. However, a break fee is now applicable, penalty of between 4 and 6 weeks rent applies for a lease of 3 years or less.
For further information regarding your rights and responsibilities as a tenant, ask us for a copy of “The Renting Guide”.