Renting Checklist

For many people, renting property is their first real estate experience after moving from home, the first step along the road to acquiring property. Renting gives you the time you need to save the deposit for your first home and to get a feel of where you want to live. It is also an ideal time to build a relationship with your local agent regarding help in buying and financing your first property. Timberland Real Estate provides you with following list of points to consider when renting a property:
 
Finding a rental property

Decide where you'd like to live
Drive around or walk the area to be sure
Decide on how much rent you can afford
Don't forget other costs like water rates and electricity
Use online search services 
Get to the paper early to plan your visits and calls to agents
Check if pets are allowed
Check connections such as phone and cable
Check access to public transport
 
Tenant entitlements

Check details of the lease such as who pays water rates
Check landlord’s obligation to make essential repairs regarding plumbing, electricity, water heater, etc.
Check Department of Fair Trading web sites or equivilant for helpful information
Make sure your bond is lodged with the appropriate rental bond board and you have a receipt
 
Tenants obligations

You will be required to sign a lease
Alert the agent in writing of any prior damage to the property before moving in so you will not be held liable
Pay a rental bond
Pay the rent on time
Pay for any agreed outgoings such as water usage
Keep the property in good order
Provide access to the managing agent for agreed property inspections
Conform to local council regulations such as noise, garbage collection, etc.
 
What to do if there is a problem

Contact your property manager immediately
Make sure you have all emergency numbers handy for repairs and assistance
Know your neighbours as you may need their help