The Property Rental Process

By Mark Cunningham

For those of you who do not own your own home you will no doubt be a renter. If you need to rent a property in the Brisbane real estate market then you will need to go through the property rental process. There are a few steps in the process and they are detailed below.

The first thing you need to do is decide whether you are going to rent an entire property or share one with other renters. Perhaps you just want to rent a bedroom. If this is the case, you should scour the local newspapers and property listings for rooms to rent. There are usually hundreds available scattered across many different suburbs.

If you find a room to rent, you will need to sign a lease or a license agreement. Leases for single rooms to rent are not usually too restrictive so you should be able to move on with only a short amount of notice if you do not like the room.

If you are going to rent an entire property then you will most likely find one at a local real estate agency. You can start your search online to get an idea of what’s available in your desired location. You can also get an idea of prices from the net and you might even be able to make a short list of properties to enquire about.

When you visit the local real estate agencies they will present you with a list of suitable properties to rent. You will then select some properties and the estate agent will take you to view them. They might start you off with some less desirable properties so that you are bowled over with delight when you see a good one. This is an old trick but an effective one.

Once you find a property you like you will have to apply to rent it out. You will only be selected for the property if your references are positive and if the credit check shows that you are not a credit risk. If you get a bad reference or if your credit history indicates that you might not pay your rent on time, then you are likely to have your application rejected.

If you are lucky enough to be approved as a tenant then you will have to sign a lease. Leases are usually a minimum of six months and a maximum of twelve months in duration. If you want to leave the property before the lease expires you might need to find a tenant to take your place. You should read through the entire lease before signing it to make sure there are no unfavourable clauses.

If you are happy with the lease then you can go ahead and sign it if you want to live in the property. You will likely have to pay at least one months rent in advance and a security deposit before you are allowed to have the keys to the property.

Once you have the key you can go ahead and move in. Be sure to take care of the property as you will be responsible for paying for any repairs and maintenance that arise if you break anything. Your landlord will have your security deposit so they can make you pay for something if you break it.

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