The Purpose Of Tenancy Agreements

Home owners who rent out their investment properties to the public often end up losing large amounts of money through unpaid rent and damages caused by unruly tenants. On the other side of the coin, tenants have been let down because of verbal agreements by landlords not being honoured. Property rental is an area which up to date has been the scene of many disputes. Any agreements between tenants and landlords should be in written form so misunderstandings do not occur. Small problems can be blown out of proportion, sometimes resulting in violent behaviour causing injury or property damage.

Tenancy Agreements

Protection ! A small word with commonsense and security behind it. There are many areas of protection. Business proprietors hire security firms, nightclubs hire bouncers, we take out insurance policies to protect our homes and contents, all for protection. In business dealings written contracts provide protection for all parties involved. Written agreements are the key to avoiding conflict over relevant issues. When you visit a property management Brisbane agency in order to obtain rental accommodation, you will be required to sign a tenancy agreement. You will be given a form to take with you to the property concerned in order to list any damage you see or marks on walls etc. When you are satisfied you have itemised it completely, return it to the rental agency.

Having a signed tenancy agreement between you and the landlord is a protection for both of you.

You agree to keep the property in good condition, maintain the grounds regularly, and report any damages, accidental or otherwise. It is your responsibility while you are in residence to keep the home clean and free from vermin, and to make sure visitors to the home are not unruly and causing problems to the home. You also need to be considerate neighbours to avoid being reported to the landlord by others who have been upset by loud music and such. Property managers Brisbane have the responsibility of liaising between tenant and landlord, if the landlord has not invited the tenant to contact him directly.

The landlord has the right to request a rental bond, which is returned at the end of the lease, that is if no damages caused by the tenant have to be covered. The landlord is responsible for taking care of problems with the property that are outside the boundary of the tenants responsibilities. A tenancy agreement is a written arrangement between tenant and landlord, and a necessary part of the transaction, protecting both parties.