Residential Tenancy AgreementA residential tenancy agreement is a legal contract between tenants and landlords. A lease outlines:
1. the amount of rent and how it is to be paid
2. the length and type of tenancy
3. the amount of bond required
4. other conditions and rules.
There are generally two types of leases:
1. Fixed term – a fixed-term agreement is for a set period of time, usually six or 12 months. After a fixed-term lease expires, a tenant can sign a new fixed-term lease or roll automatically onto a periodic lease.
2. Periodic lease – a tenant will usually roll over to a periodic lease when their fixed-term lease ends. In a periodic lease, the tenant does not sign a new agreement, but must still follow the rules set out in the original lease.
By law, you will be given a copy of Renting a home - A guide for tenants (Click on the image to download) , on or before the day you move in.