When you move in to your new place, there are some basic responsibilities that you need to be aware of. The most important is paying your rent on time. Rent under your Tenancy Agreement is always paid two weeks in advance. If at any time you are unable to make a rental payment, on or before the due date, please make immediate contact with our office. All rental payments must be made as per the nominated method when you signed the General Tenancy Agreement.
How to Pay Your Rent
- MaxCard: click link to be forwarded to our payment system
- Credit Card: attracts a merchant fee of 1.36%
- Bank Cheque: made payable to Knight Realty Pty Ltd Trust Account
How to Make Sure the Rent Gets Paid!
The lease that was signed for rental of the property is a contractual document. This must be taken seriously. Make sure everyone in the house understands that ‘paying the rent on time is important’. The people whose names are on the lease are ultimately responsible for the rent and lease conditions. You may be paying equal shares or an agreed split of the total rent, either way make it clear to everyone contributing how much is due and when it is due by.
Paying on behalf of a Group
One person in the house should be nominated as responsible for collecting rent from each of you, and they make payment. You can collect the rent a number of ways, from the old fashioned ‘cash in the rent jar’ or get payments made to a nominated bank account whether it be somebody’s own or a separate ‘rent account’ (note that some banks provide ‘fee free’ accounts, on which you can put all names on the account. It’s wise to make 2 signatures to the account for withdrawal).
The best way is to set-up an automatic transfer into the account. Whichever way you choose, keep good records and follow up immediately on anyone that has missed a payment. Make payments regularly and it’s a good idea to do so when you get paid, the last thing you want is to get to rent day and have no money left. If you miss a rent payment or can’t pay all of it, communicate the circumstances quickly and honestly to your Property Manager.
Costs You Don’t Have To Pay For
There are some items that you don’t have to pay for:
- Council rates
- Urgent or other repairs needed outside of reasonable and ‘fair wear and tear’