Regarding what you need to do as a landlord and how to protect yourself if you wish to lease your property yourself in TAS.
Before Approving a Tenant
- Ensure you have had a check done on the tenant (which you can arrange through us).
- Ensure you have phoned/ checked all the tenants references (they will be asked to supply current employer, current landlord, and personal references on our tenancy application)
- Ensure you have physically sighted proof of identification, proof of income, proof of address, and proof rental history (e.g. lease agreement, written reference, or tenant ledger)
Once you wish to approve a Tenant
- Meet with them and sign a Residential tenancy agreement form. You can request a copy of this from us via email.
- Complete a property condition report within 7 days of the start of the tenancy, keep one copy for yourself and supply two copies to the tenant. Where possibly, it can be helpful to complete this together with the tenant to minimize disagreements about what is noted. You can request this form from us via email.
- Request a bond of 4 weeks rent from the tenant. When you receive it, make sure to provide the tenant with a receipt, and also have them sign a Bond Lodgement Form -http://www.consumer.tas.gov.au/fair_trading2/forms/Bond_Lodgement_Form_November_2015.pdf .
- All bonds must be paid to the Rental Deposit Authority (RDA). The bond must be deposited with the RDA within 3 days of collecting the bond. The Bond Lodgement form and bond can be lodged at any Service Tasmania shop, or via post.
During the Tenancy
- Conduct routine inspections of the property (not more than once every 3 months)
- Make sure to keep documentation of any occurrences, e.g. copies of any letters/receipts you send to tenant, photos of any damage etc. just in case there ever a dispute in future,
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/
There are many different providers so make sure to shop around.
We also strongly recommend reading the Renting guide that the consumer affairs and fair trading Victoria site supply-
and the minimum standards for premises a guide for tenants and property owners. -http://www.consumer.tas.gov.au/__data/assets/pdf_file/0019/322417/Minimum_standards_guide_for_tenants_and_property_owners_v2.0_2015.pdf
We hope this information has assisted you, if you need any further help - don't hesitate go give us a call or send us an email.