We strongly recommend completing National Tenancy Database / TICA blacklist checks before approving any tenant (you can arrange this through PropertyNow). In addition to checking tenancy blacklists, you should also consider checking the ACCR criminal court attendance database here: https://auccr.com/free and may order full police background checks through PropertyNow if you wish
Most importantly, consider taking out Landlords Insurance – this covers you for theft, malicious damage, or loss of rent if the tenant stopping paying – http://www.canstar.com.au/home-insurance/what-is-landlord-insurance/
http://rac.com.au/insurance/home-insurance/landlords-insurance
There are many different providers so make sure to shop around.
Lastly here is a general overview of tenancy information, forms and fact sheets. http://www.tenantsact.org.au/renting-advice/tenancy-factsheets/
If you have any questions leasing your property yourself in the ACT, don’t hesitate to give us a call or email, we’d be happy to help!