Introduction to Tenancy Agreements

A tenancy agreement is...

• A legally binding document

• A contract between a landlord and a tenant

• A written agreement for someone renting a house of another person

• All of the above

The money asked for by the landlord as security against unpaid rent or damage is called:

• Rent

• Bond

• Letting fee

• Fine

The money paid by the tenant for use of the property or land is called:

• Rent

• Bond

• Letting fee

• Cash

Money charged by an agent to rent a property on behalf of someone else is called:

• Rent

• Bond

• Letting fee

• Sponsorship

The owner can increase the rent whenever they want

• True

• False

The tenant has the right to terminate the rental contract and move whenever they like.

• True

• False

Answer explanation

If the tenancy agreement is a fixed term agreement, the tenant is liable for all rent until the date set out in the agreement. If the tenancy agreement is a periodic agreement, the tenant must give 28 days written notice.

A bond must be kept by:

• The landlord

• The bank

• Tenancy Services

• A lawyer

If someone new moves in with an existing tenant, the landlord can raise the rent.

• True

• False

The landlord can remove you from the house if they want to live there themselves.

• True

• False

The landlord is only allowed to enter the house when the tenants are not at home.

• True

• False

Answer explanation

Landlords can only enter a property if they have given the tenant notice according to the legal guidelines. It is a good idea for the tenant to be present during inspections, although this is not compulsory.