AU Perth & Western Australia

Renting, Leasing & Property Management

Leases, tenancies, rent, landlords, property managers and ongoing management.

17 terms

Bond Disposal

Western Australia

The process for releasing and dividing a residential tenancy bond after the tenancy ends.

Break Lease

Western Australia

Ending a fixed-term residential tenancy before its agreed expiry date without relying on a separate statutory termination ground.

Fixed-Term Tenancy

Western Australia

A residential tenancy agreement that sets a specific start date and end date for the tenancy.

Gross Rental Yield

Australia-wide

Annual rent divided by the property's price or value, before expenses.

Net Rental Yield

Australia-wide

Annual rent after selected property expenses, divided by the property's price or value.

Periodic Tenancy

Western Australia

A residential tenancy agreement with no fixed end date that continues until it is lawfully ended.

Pet Bond

Western Australia

A separate limited bond that may be charged in WA when a tenant is permitted to keep a pet.

Property Manager

Western Australia

A licensed property professional who manages a rental on the owner's behalf.

Rent Bidding

Western Australia

Competition in which prospective tenants offer, or are encouraged to offer, more than the advertised rent to secure a property.

Rent in Advance

Western Australia

Rent paid before the period of occupation to which the payment applies.

Rent Increase

Western Australia

A lawful change that raises the rent payable under a WA residential tenancy agreement.

Rental Appraisal

Western Australia

An estimate of the rent a property could achieve in the current market, usually prepared by a property manager or agent.

Rental Arrears

Western Australia

Rent that has fallen due under a tenancy agreement but has not been paid.

Rental Bond

Western Australia

Security money paid by a tenant and lodged with WA's Bond Administrator for the tenancy.

Residential Tenancy Agreement

Western Australia

The agreement setting the terms and conditions under which a tenant occupies a residential rental property in WA.

Routine Rental Inspection

Western Australia

A scheduled landlord or property-manager visit to check the condition and management of a tenanted home.

Vacancy Rate

Western Australia

The percentage of available rental properties in a defined market that are vacant at a particular time.