Hello,
Your advice and opinions would be much appreciated.
My IP in NSW settles with vacant possession later this month and I am seeking advise on leasing and providing services. This is a no frills house in good condition, purchased specificaly to rent out.
My specific interest, initially is opinions/feedback on my ideas around leasing to individuals in a shared house situation as follows.
I live interstate so will not be personally dealing with tenants.
The house -
Leases & legals-
Thanks, In anticipation.
Your advice and opinions would be much appreciated.
My IP in NSW settles with vacant possession later this month and I am seeking advise on leasing and providing services. This is a no frills house in good condition, purchased specificaly to rent out.
My specific interest, initially is opinions/feedback on my ideas around leasing to individuals in a shared house situation as follows.
I live interstate so will not be personally dealing with tenants.
- Tenant 1 - Student tenant who is a known and reliable friend.
- Tenant 2 & 3 - To be sourced and chosen by Tenant 1.
- Individual leases and bond for each tenant.
The house -
- 3 Bed
- Unfurnished
- Close to University, Hospital, Retail Centres
- Fairly large, grassed garden.
- Electric Hot Water & Stove. No Gas.
- Option 1 - Electricity and internet provided with included charges for those services as part of the rent. ?? Questioning the practicality of this ??
- Option 2 - Electricity and Internet provided with an account sent to each tenant for amounts due. ?? What about late payment, hassles chasing payment ??
Leases & legals-
- I will print and organise NSW leases but will send them to Tenant 1 to get signed and return to me for any required action.
- I believe individual leases would make each person responsible for their own liability and in the event that they didn't pay rent I would be able to recoup from that tenant's bond. Damage would probably have to be shared between the tenants as it may be difficult to prove liability.
Thanks, In anticipation.