Tenant's Rights and Obligations
Category Principal's Message
Many tenants are unknowingly exposing themselves to avoidable expenses by not familiarising themselves with the regulations of renting. Consider the following; Property Inspections - it is important to record the state of the property prior to occupying. Once an inspection is concluded, defects need to be acknowledged by both the tenant and landlord. Upon vacating a property, a comparison inspection is conducted to note the liability of any damages. Deposits - Tenants are entitled to earn an interest on their deposits. Both the tenant and landlord need to be aware of this as these amounts could sum up to a considerable amount during the leased period. Breaking the lease - Termination largely depends on the clauses within the lease. Penalties due can be large amounts should the tenant not be aware of the eviction terms of the agreement. Seeking sound advice from a property expert is crucial in preventing unnecessary costs
Author: Prime Property Marketing
