Lease Agreements in the ACT
A guide to Lease Agreements in the Australian Capital Territory.
Here’s everything you need to know about setting up a Lease Agreement in Australian Capital Territory (ACT)
The Residential Tenancies Act 1997 is the law that governs renting in the Australian Capital Territory. Both landlords and tenants need to be familiar with their rights and obligations under the Residential Tenancies Act 1997.
To create a binding tenancy agreement, both parties must sign a written document that outlines the details of the lease itself, including details such as:
- Term of tenancy
- Amount of rent payable
- Due dates
- Method of payment
- Fees
- Maintenance and repair responsibilities
- Occupancy limits
- Other agreed-upon conditions
You and your tenant can also agree to add additional clauses to the tenancy agreement but these must not be inconsistent with existing clauses, except where permitted by the Act.
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.
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.
