Whether you are currently renting, or looking for a new lease - undoubtedly, you have considered how is the Coronavirus (COVID-19) pandemic going to impact me? Does COVID-19 impact my rental agreement? The Australian economic climate has changed significantly and renters, owners and property managers are being affected. All parties are required to comply with their rental agreement. This means paying rent, staying the lease term and leaving the property in good condition.
Talk presented by Justin Butterworth, Founder & CEO of Snug.com on 25 Feb 2019 in Melbourne at the CPRC Conference: A Renters Journey
In Australia, housing is central to our economy and society. As a result, our future well-being as individuals and as a community, depends on good housing outcomes. However, home ownership has been elevated as the Great Australian Dream into our psyche, and many picture this dream of a brick home with a picket fence, a hills hoist and a barbecue. The realisation of this Great Australian Dream has consumed the nation.
A few simple but important steps can ensure you get your precious bond cash back.
Bonds are typically cash security deposits held to motivate tenants to uphold the terms of the rental agreement. In most Australian States, bonds must be lodged with the rental bond authority.
Bond claims are generally limited to: rental arrears, damage beyond wear and tear and usage charges such as water (where permitted).
Snug calls on Australian State Governments to harmonise residential rental leases nationally to simplify renting for renters and owners, enable ease of compliance and encourage innovation in housing. In this article, Snug lists 17 key lease terms that should be standardised and introduces the concept of Home Leases which provides progressive homeowner benefits. Before the rental reforms are legislated, let’s rethink rental reform and get it right for both renters, owners and agents.
Snug announces a new category of living called ‘homevesting’. We’re redesigning the housing system to better suit the emerging lifestyle, work and retirement trends of the next generation. Even in this modern age where it seems accessibility and optionality abounds, across the country people worry about their housing. Our mission is to create a place everyone calls home with ‘home leases’ and ‘collective investment’. We call it ‘home vesting’ so you can live where you love and invest where it matters.
Today we are excited to announce Snug Match. Snug Match streamlines rental applications to help lease feaster and more importantly attempts to solve the fundamental market problem of mismatching between renters and owners thereby encouraging longer and more sustainable rental relationships. Streamlined and progressive applications To start we’ve consolidated several online and offline applications into one easy to use solution. It saves agents and owners time and money. We’ve also reduced the time it takes renters to get started, and ask just for the information required to progress the application.
Bond guarantees are a better solution to existing cash rental bonds. Sign the petition to bring real rental reform to Victoria. Bond guarantees benefit renters and owners: Keeps cash in the pockets of renters Faster and fairer claims with the option of a tribunal if parties don’t agree Fast and easy to apply and issue BondCover as well as update housemate details Maintains tenancy rights and obligations, protecting renters and owners Snug developed BondCover after comprehensive research involving hundreds of renters, owners and agents as well as analysis of millions of bond records which showed the very large majority of renters do the right thing.
Bond guarantees are a better solution to existing cash rental bonds. Bond guarantees benefit renters and owners: Keeps cash in the pockets of renters Faster and fairer claims with the option of a tribunal if parties don’t agree Fast and easy to apply and issue BondCover as well as update housemate details Maintains tenancy rights and obligations, protecting renters and owners We introduced the product but there is resistance so we need your help.