What is the purpose of the Reiwa Tenancy Application form?
The Reiwa Tenancy Application form is designed to collect essential information from potential tenants who wish to enter into a Residential Tenancy Agreement. It helps the Lessor assess the suitability of applicants by gathering details about their rental history, preferences, and requirements. This form is not a lease agreement but a preliminary step in the leasing process.
What information do I need to provide on the application?
You will need to provide your personal details, including your name and contact information. Additionally, you'll need to specify the number of occupants, any pets you wish to bring, your rental history, and any special conditions you may have. Financial details, such as your bank account information for refunds, are also required.
What fees are associated with the application?
When submitting your application, you may be required to pay an Option Fee, which can vary based on the weekly rent. If you are the successful applicant, you will also need to pay a security bond, a pet bond (if applicable), and the first two weeks' rent in advance. The total amount will be outlined in the application form.
What happens if my application is unsuccessful?
If you are not selected as the tenant, any Option Fee you paid will be refunded within seven days of the decision. The Property Manager will ensure that the refund is processed promptly to your designated bank account.
What occurs if I am the successful applicant?
If your application is successful, the Lessor will provide you with a proposed Residential Tenancy Agreement. You will then have the option to sign this agreement, which will create a binding contract between you and the Lessor. Ensure you comply with all requirements outlined in the agreement to finalize the lease.
Can I request special conditions in my application?
Yes, you can request special conditions in your application. However, it’s important to note that the Lessor is not obligated to accept these conditions. Be clear and reasonable in your requests to improve the chances of acceptance.
What is the significance of the Option Fee?
The Option Fee is a payment made to secure your application for the tenancy. It demonstrates your serious intent to lease the property. Depending on whether you are successful or not, this fee can either be applied to your rent or refunded.
How does the Lessor verify my rental history?
The Lessor or Property Manager may use one or more residential tenancy databases to check your rental history. This process helps them assess your suitability as a tenant. You should be aware that your information may be shared with these databases during this process.
What should I do if I need to update my personal information?
If you need to update any personal information provided in your application, contact the Property Manager as soon as possible. Keeping your details accurate is crucial for processing your application and managing the tenancy effectively.
Is this application legally binding?
No, the Reiwa Tenancy Application form itself is not a legally binding document. It serves as an application to express your interest in leasing the property. A binding Residential Tenancy Agreement will only come into effect once you sign the agreement and meet all stipulated conditions.