From the moment you pay your bond, prior to moving into your new home, you should start thinking about how you will get that all back when you decide to move out. Even though you’re not thinking about moving out before you’ve even got in the place, what it will do is make sure you take the necessary steps to safeguard yourself.

The first item to tick off the to do list is the condition report. Far too many tenants don’t fill out their section or rely on the agent’s or landlord’s eyes. The problem is, if there was something damaged that the agent missed that could be liable at the end of a lease and there is no proof that you didn’t do it, then it will still come out of your bond. So, make sure you do all the checks before moving in, have any repairs that need doing done and ensure you get your bond slips filled out thoroughly and given back to your agent within the suggested timeframe.

Another way to avoid damaging a property throughout a tenancy is to live like you own the property. Some of the best tenants we come across are people who have previously or currently owned real estate. They understand the value and take care of their prized possession that they worked a lifetime to buy. Not only should you act this way toward the property because it will save you from losing money for repairs, but it’s also the right thing to do for the person who is trusting you with their biggest asset.

Finally, maintain good rapport and contact with your agent or landlord. If something happens, let them know straight away. Things can blow out because you were too lazy to make a phone call, if the matter is urgent and needs to be taken care of, then get on to it immediately. You wouldn’t want a repair cost directed to you based on negligence, when you could have picked up the phone months ago and had it sorted. Fix problems as they arise, and you will have an easy ride through your tenancy.

Keep on top of these basics and not only should you be in line to receive your complete bond back, you will also be a star tenant with amazing referrals for the next property. By taking some pride in how you live and look after other’s possessions, you will not only be avoiding an complications, but also receive gratitude from agents and landlords.

 

DISCLAIMER

The following advice is of a general nature and intended as an opinion and broad guide. For all legal, financial or real estate advice you should obtain independent professional advice to do with the specific nature of your circumstances before making any legal, financial or real estate decisions.

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