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1. Things you should know before signing a rental agreement Reggie London points out that renting a property is a big choice that can affect you for a long time, so you should think it through carefully before moving forward. A document that describes the terms and conditions of your tenancy, the rental agreement, is crucial to this choice. Make sure you know exactly what you are signing before you sign this contract. To help you make wise decisions and protect your rights as a tenant, we will go over some key points to consider in this guide before completing your rental agreement. Understanding the lease terms Lease terms are the backbone of your rental agreement, outlining crucial details about your tenancy. Reggie Londonsays that understanding the lease terms is essential before signing any rental agreement. These terms dictate the duration of your stay and any conditions for renewal or termination. ● Lease Duration: Be aware of the length of the lease, which is typically between six and twelve months. By doing this, you can be certain of the commitment you are making.

2. ● Renewal and Termination Clauses: Look for provisions describing how to end or renew a lease. To provide you flexibility, this also covers the procedures for extending or terminating the lease. ● Rent Adjustment Terms: Certain leases may provide for gradual rent increases or rent increases under specific circumstances. Being aware of these terms aids in budgeting for future costs. ● Subletting Policies: Check the lease for any conditions or limitations pertaining to subletting if you are thinking about doing so. Inspecting the property It may seem like a no-brainer to start with an in-person inspection, but it is crucial that you do this as a first-time renter. ● As you examine the property, you should make sure to: Determine whether the property is damaged ● If the garden is maintained, ● If all current appliances are working ● There should be the correct number of bedrooms Application process What you'll need to apply for your first rental property depends on your rental history and past living situation. If you're a first-time renter, don't worry—there are ways to make your application stronger. Here’s the documentation you can provide: Employment Verification: Proof that you have a job. Proof of your earnings is known as income verification. References: From an employer or coworker. From a teacher or mentor.

3. From a real estate agent who helped sell your home. Photo ID: Driver’s license, passport, or student ID. Utility Bills: Proof that you’ve paid gas, electricity, or phone bills. It's important to provide at least three references that aren't relatives. These documents show you’re responsible and trustworthy, increasing your chances of securing your first rental. Residential tenancy agreement If you're successful in finding a place to rent, your landlord will ask you to sign a tenancy agreement, also known as a lease. In Australia, there are tenancy authorities that protect the rights of both landlords and tenants. These rights depend on your state or territory, so it's important to stay informed whether you're renting or leasing out. Once you sign the contract, you're legally required to follow the rules in it. If you don't, you could face fines or even eviction. A residential tenancy agreement should include: ● When and how much rent is due ● How the rent should be paid ● The length and type of tenancy ● The cost of the bond ● What happens if you break the lease or leave early ● Any specific building rules or conditions Before making any final decisions, it is a good idea to request a copy of the tenancy agreement to review for a maximum of 24 hours. In this manner, prior to committing, you can ensure that you are aware of all the terms and conditions.

4. Condition report Your landlord is required to compile a condition report once you pay the bond. A condition report is a written record of theproperty's conditionupon your initial move-in. The purpose of this report is to document any current problems or damage to the property. What a condition report should contain: ● It needs to be ready for occupancy a few days or sooner after you move into your new house. ● It provides thorough details about the walls, doors, floor, and any damage to the furniture and appliances that may be present or ongoing. ● If you do not agree with any of the damage reports that the agent or owner has provided, The owner or agent must receive the completed inspection report within the specified time frame. Make sure you and your landlord agree on what should be included in the condition report before you sign. If there are any disputes about cleaning, damage, or replacing things before your lease expires, the report can be used as evidence. Security Deposits When renting a property, it is important to understand security deposits. The following four ideas are crucial to remember: 1. Usually, a security deposit is equivalent to one or two months' rent. Make sure you understand the exact amount required before you sign the lease. 2. Goal: The deposit protects against possible losses over and above typical wear and tear. It serves as a safety measure for landlords to guarantee upkeep of the property. 3. Refund Policy:You will only receive your deposit back if you return the property to its original state. Read the lease carefully to become familiar with the terms and conditions, including cleaning guidelines and damage repair procedures. Closing Remark: Reggie London came to the conclusion that renting a property is a big decision. You can make educated decisions and safeguard your rights by being aware of the conditions of the

5. lease, checking the property, preparing your application, understanding security deposits, and studying the condition report. By following these procedures, you can guarantee a safer, more seamless rental experience and help avert future problems.