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If you`re looking for a new place to rent in Melbourne, you`ll need to sign a lease agreement. This legal document lays out the terms and conditions of your tenancy, including the rent you`ll pay, the length of the lease, and your responsibilities as a tenant.
Before you sign a lease agreement, it`s important to read it carefully and make sure you understand all the terms. Here are some key things to look out for:
Rent: The lease will specify how much rent you`ll pay, when it`s due, and how it should be paid. Make sure you can afford the rent and that you`re comfortable with the payment schedule.
Lease term: The lease will specify how long you`ll be renting the property. Make sure the term is clear and that you`re comfortable committing to the length of time.
Security deposit: The lease will specify how much of a security deposit you`ll need to pay, and how it will be returned to you at the end of your tenancy. Make sure you understand the conditions under which the landlord can keep some or all of the deposit.
Utilities: The lease will specify which utilities you`re responsible for paying, and which are covered by the landlord. Make sure you understand the breakdown of costs and that you`re comfortable with the arrangement.
Maintenance and repairs: The lease will specify who is responsible for maintaining and repairing the property. Make sure you understand your responsibilities as a tenant, and that the landlord is responsible for any major repairs that are needed.
Pets: If you have pets, make sure the lease allows them and that any restrictions or additional fees are clearly stated.
Subletting: If you think you might want to sublet the property at some point, make sure the lease allows it and that any restrictions or additional fees are clearly stated.
Once you`ve read the lease agreement and you`re comfortable with the terms, you`ll need to sign it and return it to the landlord. This legally binds you to the terms and conditions of the lease, so make sure you understand everything before you sign.
Overall, signing a lease agreement can be a complex process, but it`s important to take the time to read and understand the document before you commit to a rental property. By doing so, you can ensure a smooth and hassle-free tenancy in Melbourne.
