Before entering into the rental game, both the parties i.e. tenant & landlord must be aware of the requirements. The rental requirements in Brisbane, Queensland are generally administered by the state. These rules & policies may vary on the residential area you are staying or want to stay in. And it is also necessary to be updated with these policies on a timely basis as it keeps on changing.
Following are the tenant rental requirements to consider if you are choosing to live in Brisbane:
Proof of Identification
The very first thing a landlord wants to be sure about is your identification. You must provide proof of identification such as photographs or a driver’s license/ passport. This gives the landlord the assurance about your identity as a tenant. Moreover, it could be anything that strongly proves your identity.
Rental History
Rental References are the documents that reflect your rental history. These documents act as a strong base for your rental approval. As, your rental references include the details such as previous addresses, rent payment history, reasons for leaving previous property etc.
Making a good impression is foremost because you are also competing with other tenants on the list. While going through references the landlord will also check whether you are listed on the tenancy database or not.
Evidence of Income
Since the rental payments act as a rental yield for the landlords. They ask for proof of income to ensure that you are capable enough to pay rent on time. This could basically be a copy of your payslip or a letter from the employer.
Bond Payment
Rental Bonds are the payments that a tenant should pay before starting the rental tenancy. This is also known as a security deposit which covers the potential damage done to the property.
In Brisbane, Queensland the maximum rental bond is equal to four weeks rent. However, in some cases, the rental bond depends upon the rental tenancy & the amount.
Lease Agreement
After the application has been approved by the landlord. Now, it’s time to sign in lease agreement. This agreement is a legal document that binds the two parties which includes terms & conditions regarding the tenancy period. Hence, it is essential to read thoroughly before signing the lease agreement.
So, these are the general requirements for tenants in Brisbane. Also one should always be aware of their rental responsibilities & duties while renting a property.
For the best property deals, consider speaking with a local real estate agent or legal counsel for the most up-to-date information!
