Landlord Info Pack

Residential Tenancy Agreement

A legally binding contract between the landlord and tenant that outlines the terms and conditions of the tenancy. It should include rent amount, payment frequency, duration of the lease, and other relevant details.

Bond

In NSW, landlords can request a bond from tenants, which is generally equivalent to four weeks’ rent. The bond serves as security against potential damages or unpaid rent during the tenancy.

Condition Report

A detailed report with photos and descriptions of the property’s condition before the tenant moves in. It is essential to document any existing damages to avoid disputes at the end of the tenancy.

Rent Increases

Landlords can only increase the rent once every 12 months for periodic agreements (month-to-month). For fixed-term agreements, the rent cannot be increased during the agreed term unless stated otherwise in the tenancy agreement.

Repairs and Maintenance

Landlords are responsible for maintaining the property in a reasonable state of repair throughout the tenancy. If tenants report necessary repairs, the landlord should address them promptly.

Entry and Privacy

Landlords must provide reasonable notice before entering the property for inspections, repairs, or other reasons (usually 7 days’ notice). Tenants have a right to privacy and quiet enjoyment of the property.

Termination and Eviction

There are specific legal procedures landlords must follow to terminate a tenancy or evict a tenant, including providing the correct notice period and grounds for termination.

Smoke Alarms and Safety Measures

Landlords must ensure the property has working smoke alarms, and some properties may have additional safety requirements, such as window locks or pool fencing.

Landlord Insurance

Landlords may consider getting landlord insurance to protect their property from potential risks and damages not covered by standard home insurance policies. Remember, this is a general information pack, and there may be additional requirements and regulations specific to certain types of rental properties or locations in Sydney. Always consult the latest laws and regulations from official sources or seek advice from property management professionals to ensure compliance with all legal requirements.

Taxation

Rental income is subject to taxation. Landlords should consult with a tax professional to understand their tax obligations and potential deductions.

Dispute Resolution

If disputes arise between landlords and tenants, there are services available to help mediate and resolve conflicts, such as the NSW Civil and Administrative Tribunal (NCAT).

Fair Trading NSW: The Fair Trading agency in NSW provides valuable resources, guidelines, and support for landlords. They can be reached at their website or by phone for assistance.

Compliance with Legislation

Landlords must comply with all relevant legislation, including the Residential Tenancies Act, to ensure a legal and fair tenancy.

Please remember that this information is not exhaustive, and it is crucial to stay informed about any updates or changes to the laws and regulations in NSW that may affect landlords and tenants. Additionally, consider seeking legal advice or consulting with a property management professional for personalized guidance.