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Renting Tips

What you should know before you rent? You need to know your own legal rights and duties. Here are a few suggestions for you to read. You need to make sure you know all information before you move in.

1. Applying For Tenancy

When you make the decision that you are going to rent a property with YONG Property Management, you will be given an Application Form to fill in. We may ask you to provide some acceptable identification documents such as a driver's license, a passport, a credit card / bank card / visa card / master card and photo identification.

Once you have been approved you will be required to pay 1 week's rent. Before moving in you will need to pay 6 weeks in total. (2 weeks rent and 4 weeks bond).

2. Paying Rent

Rent payments are always due in advance. For example, if you decide to pay rent in a fortnightly interval, then you need to keep your rent a fortnight in advance. If you pay on a calendar monthly basis your rent needs to be paid one month in advance.

3. Rental Bond

You may be required to pay the equivalent of 4 weeks rent as a rental bond. The bond will be held by the RTA (Residential Tenancies Authority) until the end of your tenancy. You may also be requiring to pay 2 weeks rent in advance. Your property manager will lodge the Rental Bond monies collected from you with the Residential Tenancies Authority within 10 days of receiving the funds.

4. Lease Agreement

A lease agreement may also be called Tenancy Agreement. You will need to sign the lease agreement. The landlord / associate will give you a copy of the signed agreement. However, before you sign, please make sure you read and understand the terms and conditions of your lease agreement.

5. Condition Report

A landlord / associate / property manager taking rental bond has to prepare a condition report on the property. This condition report details the condition of the property before you enter the Tenancy. A copy of condition report will be given to you, if you do not agree with the list of details in the report, you will need to make note and add any comments and return to landlord / associate / property manager within 3 days after commencement of the tenancy. After that you will be given back a new copy of the condition report and please keep it until the end of the tenancy.

6. Knowing Your Own Rights

Please make sure you know all your responsibilities as a tenant and the rights, duties and responsibilities of the landlord. These are all listed in the RTA Renting a Home - Tenant's Guide to the Rules for Renting in Queensland you are given when signing up your lease. However, you can also download it in Adobe PDF format from the Residential Tenancies Authority (RTA) website.