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Changing Tenancies
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Five separate steps.
 

1

Terminations
●  Renters give 28 days notice. 
●  Rents must be paid until termination date
●  Bonds returned after vacated inspection

Documents for terminating
(Clipboard suggested)

  ● 
Termination Process/checklist
  ● 
Termination Acknowledgement letter
  ●  Ending tenancy information Brochure 
  ●  Pre  departure inspection form
  ●  Post departure inspection form>
 
● 
Bond release form 
  ●  Completed Rent Summary statement 
   More>
 

2

Setting rent for new tenant
"Market rents" are accepted by good tenants.
This is a good time to calculate your real costs and determine the unit's future cash flow prospects. 
More>
 

3

 

Advertising
Advertisments should attract and sort compatible renters with:-
●  3 main attractive features
●  3 problem features
●  General location
●  Type of unit
●  Number of bedrooms
●  Photographs

●  Rent
●  Contact info
More>
 

4

Selection
Owners must choose renters who will stay and:-
1) Pay their rent 
2) Care for their rental homes
3) Make good neighbours
Rental homes cost
hundreds of thousands
 See also:  Warning signs

Documents
(Clipboard suggested to hold these)

  ●  One Process / checklist
  ●  Several sheets for note paper
  ●  Some, Renters introduction sheets
  ●  A few Applications to rent
  ●  One
Selection guide
  
More>
 

5 

Welcome new Tenant
Documents:-
1
  New tenant checklist/guide
Tenancy agreement *      more> t.s.
Bond lodgement form *   more> t.s.
New tenants' information brochure 
5
  Diary      more>
6
  Rent assessment spread sheet (XL) *

(Clipboard suggested to hold these together)

* Documentation required by law.
More>  

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