Friday, February 19, 2010

Q and A: My real estate agent is trying to increase the rent. Can they do this?


This all depends on your agreement (aka. your lease). If you have a fixed term agreement (current lease) the rent cannot be increased unless a 'special term' in your agreement states. This special term will include the amount of the increase or how the increase is to be worked out. In this case your lessor/agent/owner must give you notice in writing before increasing the rent. Usually around one month - depending on the laws in your state.

Although, if you do not have a current lease you will most likely be on a periodic agreement. In this situation the rent can be increased at anytime. The lessor/agent/owner must give notice in writing before increasing the rent. Usually around 2 months - depending on the laws in your state.

If your lease expires and is not renewed your rent can be increased at anytime. Moral of the story - make sure your lease is current!

If you think your rent increase is excessive you should contact your State Authority for advice.

Image Credit: Veender

Monday, February 15, 2010

Q and A: The real estate agent has advised me that I am not obiding by the body corporate by-laws. What are by-laws?

Body Corporate By-laws are rules in relation to the presentation of the property, noise, parking, visitors, keeping pets etc. The by-laws form apart of your Tenancy Agreement.

The owner/lessor/real estate agent must provide you with a copy of the by-laws when you sign the Tenancy Agreement at the beginning of the tenancy.

If you moved into an existing share house and where not living at the property at the beginning of the current lease talk to your housemate or contact your real estate agent to get a copy.