Rental agreement VIC

[CNC FABS]

Info may already be one these boards, but I'm using to much data as is for searching.

 

Just trying to sort permanent rental property. Realize we will never get anything 'perfect' (locations, condition, price)

 

Leaning towards the locations option. Went to the open already, only ones to turn up. Agent very keen, keeps texting. We just say still thinking about it, it has issues (1970 decor, apliances and lots of those little ant hills in back garden.)

Anyway, they are asked to much for it, but agent says it's negotiable. Which is fine.

Question is, with a standard 12 month lease, can they negotiate a price we will pay: $450 a week, then during this time, raise it back to the asking price £ 525 a week. or is it normally fixed for the first 12 months ? and if they did raise it during this period, could we leave or have to stay / pay the 12 months.

We already know agent talk is the same across the world (worth sh*t unless it's in writing) So when we view and the front wooden step almost falls off and she says's 'I was going to get that fixed' We know it's something to just get on and do yourself.

:cool:

[Ken]

A standard 12 month lease would be at the same price throughout the 12 months. There could be a rent review clause that could allow the rent to be increased at a certain point (the date would have to be specified) - but you would normally only see that in long term rentals. If the landlord could increase the rent at any time there really wouldn't be any point in having a contract would there? The contract is binding both parties.

[Beclang]

If you sign a 12 month lease the price is fixed for that period, they can raise the price after the 12 months, it will be up to you then whether to re-sign at a higher rate or to say we will sign for another 12 months on the current rate, this may work and has in the past for us as it costs the landlord to relist and hold inspections, it depends on whether the house is in a sought after location? It can be hard to find rentals in Melbourne and we have in the past had to offer above the asking price to secure the property, if it's more rural that will work in your favour.