References assist greatly and will generally be required. However, if you do not have a reference, in its place we may take:Verification of income and employmentReference from your employer or staff memberPhoto identification – driver’s licence/passport/student IDTwo personal references (not be from relatives)Gas/electricity/phone bill or rates notice

Proof of income (pay slips) and a recent bank statement to show savings and that your income is steady will help

This is a legally binding written contract between you and a property landlord.  It is a lease. Make sure you read it carefully and ask any questions. Detail included itName and address of tenant and the property manager/ownerDates when the agreement starts and endsHow the tenant should pay the rent (and how much)Details about what the tenant and the property manager/owner or provider can and cannot doSpecial terms (agreed in advance, e.g. pets)Length and type of tenancy – either a fixed term agreement where the tenant agrees to rent the property for (say) 6,9,12 months or a periodic agreementThe amount of bondOther rules and conditions

A bond is a separate payment to rent.It is money that acts as security for the landlord or owner in case you don’t meet the terms of your lease agreement.At the end of your agreement if the property is in need of cleaning or repairs or if items need to be replaced the landlord or owner may claim some or all of the bond.You cannot use any part of the bond as rent – so, when you are moving out, you cannot ask the landlord to keep your bond as final rent payment.

A condition report is a document given to your tenants at the beginning of their tenancy that records the general state of repair and condition of the property including fittings and fixtures. The report is used as a reference point when tenants move out of the property.

Tenancy databases hold information about tenants includingIf you have vacated owing an amount of more than the rental bond for a breach that is still outstandingThe tribunal has made an order terminating the agreement because of something you have done wrong.The information recorded on at database will identify the reason for the listing in an accurate and complete way?  

The documentation is generally:Copy of the residential tenancy agreement and Bond formCondition reportReceipt for initial rent amount, lease fees and bondPhotocopy of all keys and remote controlsEmergency contact details

Your property manager will carry out periodic inspections of your investment property to ensure it is being well cared for and any routine repairs are being made. These are usually performed 3 times a year.This inspection looks for:The lease terms are being adhered to – no drugs  etc :)The property and grounds is being maintained in a clean and tidy condition.The property is not being damaged.There are no more than the number of people specified on the tenancy agreement living at the location.Any maintenance issues identified can be attended to.No pets are housed at the property, unless otherwise agreed to.