Rental community startup, Snug.com, today welcomed the release of draft new ACT regulations enabling it’s recently announced product BondCover. BondCover swaps an old-fashioned cash rental bond with a certificate of guarantee, backed by Snug and IAG (Insurance Australia Group).
Renting can be a stressful and confusing experience if you’re unaware of your own rights and your obligations. Rental rights often differ between states so it’s important to make sure you know which rules apply to your state or territory. Your regional Fair Trading website is the best resource to help you figure this out.
In many parts of the world, it is more common to rent than own. For some, renting can be stressful when issues arise because after all, renting is about where you call home.
Here are four common areas that can create rental stress and tips on how to avoid them:
There is a lot to learn about rental bonds in Australia. Understanding the process and costs for lodging a bond, and claiming a bond refund is important to ensure you receive your bond back.
You should check with your local rental bond authority before agreeing and transferring a rental bond between a tenant and owner.
In some rental markets there can be strong competition for rental properties so being prepared can help you secure your ideal home.
Generally property managers ask themselves three questions