Lease Agreements in NSW
A guide to Lease Agreements in the state of New South Wales.
Here’s what you need to know about setting up a Lease Agreement in New South Wales (NSW)
In New South Wales, lease agreements are contracts between a property owner and tenant that outlines the terms, conditions, rights and obligations of each party regarding renting a property. When entering into a lease agreement landlords need to understand their legal rights and responsibilities.
Under NSW tenancy law, all rental properties must have a written tenancy agreement that details the rights and obligations of both the landlord and tenant. The landlord should provide a copy of the contract to the tenant within 14 days of signing it.
It is also important for landlords to ensure that any clauses included in leases comply with current tenancy laws.
Fixed-Term and Periodic Agreements
Fixed-term lease agreements are contracts that specify a set period for a tenant to occupy a property, usually ranging from six months to one year. These agreements are typically beneficial for both the landlord and tenant, as they provide both parties with security and clarity about the length of their arrangement.
Periodic lease agreements are a much more flexible option compared to fixed-term leases. This type of agreement offers tenants the opportunity to remain in their property continuously without having to commit to a specific amount of time.
In NSW, if a fixed-term agreement ends and a new agreement is not signed, a tenant will automatically move to a periodic agreement.
Why do I need a Lease Agreement?
You need a written lease agreement to avoid potential disputes that could arise between you and your tenant. Without such an agreement, there is no clear understanding of who is responsible for what regarding repairs, rent payments, pet rules and other important issues.
A written lease helps ensure that both parties are on the same page and have a legal document to refer to if any conflicts arise.
Click here to find out more about Lease Agreements in NSW.
Need a helping hand?
RentBetter allows you to set up Lease Agreements in a way that is both fast and efficient. Though the platform, you can quickly create legally binding leases for your tenants without the time-consuming paperwork and traditional methods.
You simply enter your tenant's details and information about the lease terms and click “Send” to send a. copy directly to your tenant.
If you’ve signed up for a Match, Manage & Maintain or Manage & Maintain account, both you and your tenant can also digitally sign your lease based on the recommended standard lease agreement in your state or territory.
