Renting a home: a step-by-step guide

Reviewed by Rama Dwarapudi on .

Renting has a clear order of steps. This guide walks through them in plain language, and points you to the official place to check your rights in your state or territory.

Work out your budget

How much rent can I afford?

Rent is not your only cost. Work out what is left after your other bills, and keep some aside for the start-up costs.

  • Add up your regular income, and your bills and other commitments.
  • Allow for the money you pay up front, such as a bond and rent in advance. Your state sets the rules.
  • Think about travel to work or study, as well as the rent itself.

Inspect before you apply

What should I look for at the inspection?

Inspect in person if you can. It is easier to say no before you apply than after you move in.

  • Look for damp, mould, broken locks, and anything that does not work.
  • Ask what is included, who looks after the garden, and how repairs are asked for.
  • Take photos of anything you notice, so you can raise it early.

Apply

How do I apply?

Most agents have an application form. Apply for homes you can afford, and be ready to show who you are.

  • Have your identity documents, proof of income and references ready.
  • Read the application form before you sign it. Only give the information the form is allowed to ask for.
  • Ask when you will hear back, and how a successful applicant is chosen.

Sign the agreement and move in

What do I sign?

The tenancy agreement sets out your rights and duties. Read it all before you sign.

  • Check the rent, how often it is paid, and how long the agreement runs.
  • Ask for a written condition report, and note down any damage before you move in. Keep a copy.
  • Your bond is usually held by a government body. Ask for a receipt, and keep it.
  • Keep all your paperwork in one safe place.

Living there and moving out

What should I know during the tenancy?

A tenancy has rules for both sides. Know yours, and write things down.

  • Ask for repairs in writing, and keep a copy.
  • Rent can only be put up in ways your state allows. Check the rules for your state.
  • When you leave, clean the home, and compare it with the condition report you kept.
  • If you disagree with your landlord or agent, your state's regulator explains the next step.

Next

This is general information, not financial, legal or tax advice. Rules, fees and rates differ by state and territory and change often. Check the official source for your state, and speak to a licensed professional before you decide.

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