Hi all,
We have an opportunity to house sit long term so we are going to try renting our house out. I have read through the resources on DBH website but would value some more advice from those who have done it before!
So far I am carrying out this plan:
- List privately, already have 10 people get in touch for a viewing as there is high demand and short supply in our area.
- Pre-tenancy form to screen (credit/references) then interview references and prospective tenant.
- Fixed term tenancy of 1 year
- 4 weeks bond (max)
- 2 weeks rent in advance to be paid on signing the agreement (not refundable if they are a no-show)
- I will maintain gardens/lawns so will agree access to do this every couple of weeks.
- Add conditions for pets, # of tenants, reimbursement of recovery costs.
I am wondering:
- Do I need to specify rent day/frequency/amount and method of payment on tenancy agreement?
- What is a 'right of renewal' option? It's mentioned on the tenancy agreement form on DBH website.
- Should I include whiteware i.e. fridge/dishwasher/washing machine if they want it (i.e depreciation of chattels tax deductible, worth it?)
Any other tips for young players? I am listing/managing myself as I want to learn about the process first hand. FYI financials bought the 2 bedroom house for 380k June '13, spent $50k renovating, likely to rent for $450-$470 per week.
We have an opportunity to house sit long term so we are going to try renting our house out. I have read through the resources on DBH website but would value some more advice from those who have done it before!
So far I am carrying out this plan:
- List privately, already have 10 people get in touch for a viewing as there is high demand and short supply in our area.
- Pre-tenancy form to screen (credit/references) then interview references and prospective tenant.
- Fixed term tenancy of 1 year
- 4 weeks bond (max)
- 2 weeks rent in advance to be paid on signing the agreement (not refundable if they are a no-show)
- I will maintain gardens/lawns so will agree access to do this every couple of weeks.
- Add conditions for pets, # of tenants, reimbursement of recovery costs.
I am wondering:
- Do I need to specify rent day/frequency/amount and method of payment on tenancy agreement?
- What is a 'right of renewal' option? It's mentioned on the tenancy agreement form on DBH website.
- Should I include whiteware i.e. fridge/dishwasher/washing machine if they want it (i.e depreciation of chattels tax deductible, worth it?)
Any other tips for young players? I am listing/managing myself as I want to learn about the process first hand. FYI financials bought the 2 bedroom house for 380k June '13, spent $50k renovating, likely to rent for $450-$470 per week.
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