Department of Fair Trading Rental Agreement

If you are a tenant or landlord, it is important to have a clear and comprehensive rental agreement in place. In Australia, the Department of Fair Trading provides a Rental Agreement that can be used by landlords and tenants as a legally binding document.

The Department of Fair Trading Rental Agreement covers all the important aspects of a rental agreement, including the names of the tenant and landlord, the amount of rent to be paid, the duration of the lease, and any special conditions agreed upon by both parties.

One of the benefits of using the Department of Fair Trading Rental Agreement is that it has been specifically designed to comply with the relevant laws and regulations in Australia. This means that both tenants and landlords can be assured that their rights and responsibilities are protected under the law.

Some of the key features of the Department of Fair Trading Rental Agreement include:

1. Rent and bond: The rental agreement clearly outlines the amount of rent to be paid, the frequency of rent payments, and the amount of bond required.

2. Maintenance and repairs: The agreement sets out the responsibilities of both the tenant and landlord when it comes to maintenance and repairs. For example, the tenant is responsible for reporting any maintenance issues to the landlord, while the landlord is responsible for ensuring that repairs are completed in a timely manner.

3. Termination: The rental agreement outlines the circumstances under which either party can terminate the lease, as well as the notice period required.

4. Subletting: The agreement sets out whether or not the tenant is allowed to sublet the property to another person.

If you are a tenant or landlord, it is important to read through the Department of Fair Trading Rental Agreement carefully before signing it. If you have any questions or concerns about the agreement, it is a good idea to seek legal advice.

By using the Department of Fair Trading Rental Agreement, both tenants and landlords can have peace of mind knowing that their rights and responsibilities are protected under the law. So, if you are looking to rent a property in Australia, be sure to use this comprehensive and legally binding rental agreement.