Tenancy Agreement Aus

Tenancy Agreement Aus

The lease defines the responsibilities of both parties and ensures a fair balance between the lessor and the tenant, although you should read it carefully before signing. Outside of self-catering holiday homes, renting a house or apartment usually requires an obligation of 6 or 12 months with an option to extend. It is recommended to keep a copy of the agreement to remember your rights and obligations as a landlord or tenant. The lessor may notify a tenant of a written termination regarding the renewal of the lease agreement (258.8 KB PDF) if he wishes to renew a fixed-term lease agreement. A new lease is another option. The rent can be increased with both options if there has been no increase for 12 months. All leases are legal-grade contracts, including oral agreements.