The Wisdom of Tenancy Agreements

Globally the world is in a constant state of war, either between nations or within them, with some agreements being broken the minute they are signed, but without some kind of understanding things only get worse. Can you imagine a company staying in business if they allowed customers to take their products without a contract to pay for them, or banks giving home loans without a contract? Seriously, extreme chaos would ensue. An agreement is something that sets out certain conditions, responsibilities and obligations in black and white so that it is clearly understood before two parties put their signature to it.

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An agreement is just another form of contract between two parties and is necessary to prevent any later misunderstandings over any issue. As contracts are a part of life in our modern business world, so too are tenancy agreements for investment rental homes. Without clearly defined clauses, disputes would arise over who was responsible for what. Now that we have the Residential Tenancies Authority, these things are largely a thing of the past, as rules governing all areas of investment rentals procedure are clearly set out so that they are easily understood by all concerned. The responsibilities of the landlord or his property management Browns Plains and the tenants cannot be misunderstood or misconstrued, and all aspects of the lease must be read and understood by the tenants before they put pen to paper.

Real estate Browns Plains investment homes are big business and a great way of gaining future security, as long as relevant obligations are carried out. The landlord must firstly list any extra charges to be met by the tenants such as water charges, ensure that before the tenancy starts smoke alarms have been installed and have working batteries, and agree to do repairs to areas that are his responsibility when necessary. The tenant agrees to pay in full and on time all fees involved in the agreement, to keep the home clean and tidy and free from damage and the grounds neat and well maintained. When both parties reach an amicable agreement, the lease can be signed. The rental bond is paid by the tenant and it becomes the landlord’s responsibility to lodge it with the rental bond authority within a specified time frame after issuing the tenant with a receipt

If all aspects are carried out to the letter, there should be no problems arising to cause bad feelings between the parties. Thus a tenancy agreement is a great way of keeping peace and ensuring a harmonious relationship between landlord and tenant.

My Pad - Logan’s No1 Property Management Company & Real Estate Agents

Call us today on (07) 3800 6423 or click here to arrange Your FREE Property Appraisal