So you’ve been approved for a property – what to do next

Now it's time to organise the lease start date with the agent, give notice to your current landlord and start packing!
19-01-2021 |

You’ve been approved for a rental – congratulations!

Your agent will send you the confirmation in writing. You will be asked to pay a holding deposit equal to one weeks rent. The holding deposit is paid so that the property can be removed from market and any other applicants can be advised that the property is no longer available. Once the lease starts this money will be transferred as the first weeks rent on your ledger.

Now it's time to organise the lease start date with the agent. You should have put on the application your ideal lease start date, however this may not always be the date that your lease starts. Your agent will work with you on this to get a date.

If you need to notify your current agent or landlord that you will be vacating the property do so now, in writing and remember that minimum notice periods apply. You will be expected to move out and return the keys according to your notice.

Click here for information regarding minimum notice periods https://www.fairtrading.nsw.gov.au/housing-and-property/renting/ending-a-tenancy#Minimumnoticeperiod

You can vacate before the date of your notice but keep paying rent until the end of the notice period. This overlap time can be used to make sure the property you are leaving is cleaned thoroughly and any damage that occurred during your residency is repaired.

Start Packing

It’s a good idea to start packing now if you have not already done so. Good removalists can be very busy on popular moving days, so you may need to be flexible.  Inform your service providers of your new address and set up utility connections. Don’t forget to change the address on your licence - you can also set up a mail re-direction for a month or two so you don’t miss anything important.

The next step will be signing your lease and collecting your keys. The agent will also give you a condition report that they have already filled out, which must be completed by you and returned within 7 days.

Now, you’re ready to move!

BONUS TIP

Complete your ingoing condition report as soon as possible. You should take your time to fill it out with as much detail and accuracy as possible. The condition report will be the key piece of evidence at the end of the tenancy if there is a dispute about who should pay for cleaning, damage or the replacement of missing items.

Click here for information regarding condition reports https://www.fairtrading.nsw.gov.au/housing-and-property/renting/starting-a-tenancy#condition

You’ve been approved for a rental – congratulations!

Your agent will send you the confirmation in writing. You will be asked to pay a holding deposit equal to one weeks rent. The holding deposit is paid so that the property can be removed from market and any other applicants can be advised that the property is no longer available. Once the lease starts this money will be transferred as the first weeks rent on your ledger.

Now it is time to organise the lease start date with the agent. You should have put on the application your ideal lease start date, however this may not always be the date that your lease starts. Your agent will work with you on this to get a date.

If you need to notify your current agent or landlord that you will be vacating the property do so now, in writing and remember that minimum notice periods apply. You will be expected to move out and return the keys according to your notice.

Click here for information regarding minimum notice periods https://www.fairtrading.nsw.gov.au/housing-and-property/renting/ending-a-tenancy#Minimumnoticeperiod

You can vacate before the date of your notice but keep paying rent until the end of the notice period. This overlap time can be used to make sure the property you are leaving is cleaned thoroughly and any damage that occurred during your residency is repaired.

Start Packing

It’s a good idea to start packing now if you have not already done so. If you are booking a removalist give them plenty of notice - good removalists can be very busy on popular moving days, so you may need to be flexible.  Inform your service providers of your new address and set up utility connections. Don’t forget to change the address on your licence - you can also set up a mail re-direction for a month or two so you don’t miss anything important.

The next step will be signing your lease and collecting your keys. The agent will also give you a condition report that they have already filled out, which must be completed by you and returned within 7 days.

Now, you’re ready to move!

BONUS TIP

Complete your ingoing condition report as soon as possible. You should take your time to fill it out with as much detail and accuracy as possible. The condition report will be the key piece of evidence at the end of the tenancy if there is a dispute about who should pay for cleaning, damage or the replacement of missing items.

Click here for information regarding condition reports https://www.fairtrading.nsw.gov.au/housing-and-property/renting/starting-a-tenancy#condition