Residential Tenancy Agreement

Overview

An agreement that creates and assured shorthold residential tenancy between a landlord and tenant and outlines the rights and responsibiltiies of each party.

What is a residential tenancy agreement?

An agreement that creates and assured shorthold residential tenancy between a landlord and tenant and outlines the rights and responsibiltiies of each party.

What does a residential tenancy agreement cover?

A residential tenancy agreements covers the contact information for both parties, llowances, such as if pets, smoking, or home businesses will be allowed within the property, the responsibilities of each party, financial details, such as payment amounts and due dates, late fees, and if there will be a damage deposit, option to purchase details (if required), and more.

When should I use a residential tenancy agreement?

You should use a residential tenancy agreement when you own a home and wish to let part of or the whole property to a friend, family member, or tenant, you are a tenant looking for a home or space to let, or you are a property manager or run a tenant placement service.

Do I need a residential tenancy agreement?

It’s important to have a written contract between a landlord and a tenant in order to lay out all of the responsibilities and obligations of each party during the rental agreement period. This way, both parties understand and agree to the terms, which can help to avoid conflict and disagreements in the future.

Further information

You should always have a residential tenancy agreement if you are letting a property you own to anyone in exhange for rent. If you choose not to use a residential tenancy you will be unable to protect your rights and may find it difficult to evict the tenant.

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