Rent With Areal

• Register your interest and book an inspection
• Inspect the property
• Submit an application (100 Identification and income information)
• Once approved
  • Read the Rental Provider Disclosure Statement
  • Sign a lease
  • Pay first calendar month’s rent
  • Pay one calendar month’s bond
  • Connect utility services
  • Organise Removalists
  • Arrange renter contents insurance
  • Arrange handover/key collection with agent
  • Move in and complete the entry condition report and return to the agent within 5 business days

Applying for a rental property can be a competitive process, particularly when multiple parties are involved. The application will usually require potential tenants to provide these following details:

• Identification – 100 points of photo Identification must be provided. Background checks will be conducted by property managers
• Rental history – Renters with proven track records of paying rent on time and maintaining the rental property to a good standard will have a competitive advantage
• Employment – Solid and consistent employment will be viewed favourably as it is important that you are able to show that you can afford to pay the rent. Property Managers will usually consider a 30%-33% rule (that the rent does not exceed 33% of the total net household income of the applicants applying).
• References – property managers will contact referees such as previous managing agents, employers or character references for further approval

A bond is a payment made (usually one calendar months’ rent) by the renter which is held in trust by the Residential Tenancies Bond Authority. The bond is held until the end of the tenancy as security for the condition of the premises at the end of the tenancy.  In situations where damage is found or terms of the lease agreement have not been met, the bond can be withheld as compensation or to cover costs for repairs or losses that the Rental Provider may have suffered during the tenancy.

Condition reports are official reports generated to reflect the condition of a rental property before and after a tenancy. The agent must provide a signed copy of the renters at the start of the rental agreement and the renter must complete, sign and return the document to the agent within 5 business days.

Before the move in date, the property will be checked where fittings and fixtures will be assessed (oven, taps, drains, lights, heating, security systems and locks), as well as the general condition of the house (paint, floors, carpets, glass and window fittings).

Anything that needs to be repaired or replaced must be reported on the condition report and each party (real estate agent, Rental Provider and Renter) need to be aware of the circumstances.

Renters should have a copy of the report filed as it will be compared with the end of the tenancy once the tenancy ends and all renters move out. It also plays a significant role in the Property Manager’s decision, when approving the refund of the bond.