Short-term leases can be written or oral, but we recommend the use of written leases. Owners and tenants can use our Form 1 – Rental Agreement (Word, 1.5MB). You should take the time to read the terms and this manual before signing the agreement. In Victoria, a rental agreement can be written in writing or orally. If the agreement is written, the standard form agreement presented by the Victorian government must be used. Whether the agreement is written or oral, the same standard conditions apply. When the tenant rents a room in an apartment building, it is very important that the agreement details which parts of the premises the tenant owns exclusively and which parts of the tenant shared. Landlords are required to subdivide each tenant with a copy of a written tenancy agreement. Residential rent rules do not apply when the contract is valid for a fixed term of more than 5 years and the contract does not have a term allowing the tenant or lessor to terminate or continue the contract. Additional terms and conditions may be included and the agreement must comply with the Residential Tenancies Act 1997. Successful applicant of a rental property is usually asked by the broker or lessor to sign a rental agreement, also known as a rental agreement, before they can move in.
Tenants and landlords can agree on additional conditions that apply to the contract in addition to the legal provisions. Additional conditions cannot oppose, modify, or attempt to exclude any of the standard conditions from the application to the agreement. In Victoria, the amount of the loan is usually one month`s rent. A broker/landlord cannot charge a higher amount unless the weekly rent is greater than $350 or if the rental agreement stipulates that the tenant rents the landlord`s principal residence and the lessor intends to resume occupancy at the end of the lease. The amount of the loan payable must be included in the rental agreement. Money received as a deposit loan must be deposited with the Residential Tenancies Bond Authority (Vic) within 10 days of receipt. A rental obligation must take the form of a sum of money and should not be provided as collateral.