LEASING AGREEMENT – RESIDENTIAL OR COMMERCIAL
1. Make your offer ‘subject to completion of sale’.
- 1. The type of property that you will be leasing.
- 2. The Australian state or territory that your property resides
The type of Rental agreements include:
- – Tenancy agreement for rental premises (residential)
- – Long-term leases
- – Co-tenancy (joint tenancy)
- – Sub-letting
- – Sharing in a rooming house
- – Specialist disability accommodation (SDA)
- – Residency in a caravan park
- – Site agreement
- – Boarding
- – Holiday accommodation
- – Commercial and retail leases
It is also dependent on the state or territory that the property is located, as tenancy rentals are under the jurisdiction of state or territory governments, not under the federal government. The same state government also handles Bond that is paid by a tenant, when you are a landlord renting out your property privately or are an Agent. Bond is normally equal to one month’s rent.
Lease Agreements can be obtained by each government website of your jurisdiction or can be supplied by either an agent or a DIY rent your own home site. Note that not all Private Rental sites include them in their advertising packages, so be sure you use a company that does. Organisations like No Agent Property include Leasing agreements in their packages for both residential and commercial. Sometimes you can find a private rental agreement template on the internet, but you need to be sure that it is up-to-date and in fact is the correct form.
What is the difference between Renting your own home privately or through an agent?
There are several differences between leasing your own home or investment property privately or through an agent. Main differences are to do with the fees that real estate agents charge. When using an agent they often have two fees. One is an advertising and placement fee, the other is an ongoing charged which is based on a percentage of the income of your rental property. Agents commissions do vary but generally it costs around 7-8% of the rental income and is taken out monthly. So, before you know it, your income from your property is continually being eroded and given to an agents.
It is increasingly more popular for owners/investors to take charge and advertise to Rent your own home privately and deal directly with the prospective tenants. Good DIY Rental sites include private rental agreement templates and all the necessary paperwork including, application forms like Form1, leasing agreements, bond forms along with other information you need as a landlord to provide to the tenants. This makes it extremely easy for owners to rent their home privately. Your savings could be thousands of dollars each year. If you take the average rental income from a property say $40,000 p.a. then your cost would be $3,200 p.a. to the agent. You have enough expenses maintaining your property, never mind giving it away to an agent that is basically just billing. An agent has no more power to get rent than a landlord does.
Whether you require a leasing agreement Victoria, New South Wales, Queensland, ACT, Tasmania, South Australia, Norther Territory or Western Australia
To find out more about residential private rentals click here.
To find out more about commercial private leasing packages click here.