Whether it’s your first time renting, or your tenth, understanding the ins and outs of the rental process can help you stand out from your competition, secure your dream rental and ensure you get your bond back at the end of the lease. This article will outline some key tips to bear in mind throughout most stages of the rental process, to make sure you get the most out of your rental property.
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.
In Australia’s perennially competitive rental property landscape, the chances of securing a good property– let alone one that meets all your requirements– may seem impossible.
Rapidly rising rents and the start of “rental bidding” further complicate the picture. Big changes to available rental properties during the holiday season and the start of the year can lead to rapid changes in the market.
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 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.
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