Do I Need to Pay a Letting Fee?
Yes all new tenants need to pay a letting fee of one weeks rent plus GST as per the tenancy agreement.
How do I pay rent?
All rent must be paid to our bank account by Automatic Payment (AP). Rent in most cases will be either one or two weeks in advance. The only exception to this is the first rent payment that needs to be in cash or a cheque prior to the start of the tenancy.
Do I need to pay bond?
Yes, generally you will have to pay a bond. Most property owners collect a bond as part of the tenancy agreement. The bond is held by Tenancy Services in Wellington. Bonds will typically range from two weeks of rent up to the legal maximum of four weeks of rent. A Landlord can never ask more than 4 weeks of bond.
Whats the difference between periodic and fixed term tenancies?
Periodic. This means the tenancy is not drawn up for a specific term. Basically you can vacate the property at any stage by giving the minimum 21 Days Notice in writing to the landlord.
Fixed Term Tenancy. This means the tenancy starts and ends on a specific date which will be written and agreed upon in the tenancy agreement. This becomes legally binding and if either party wishes to cancel the tenancy any earlier before the expiry date, this will need to be agreed upon by both parties. If this cant be agreed upon, then only the tribunal can grant a early exit.
Do I need a tenancy agreement?
Yes you have to complete and sign a Tenancy Agreement. You do this when we have found you a home and agreed on terms and conditions. The tenancy agreement becomes legally binding between the tenant and the landlord. Both parties must keep a copy of this agreement.