Top tips for share house sub-let­ting

Con­sumer tips pro­vided by REIQ

Whitsunday Times - - REAL ESTATE -

It is im­por­tant that any­one con­tem­plat­ing sub-let­ting weigh up all op­tions...

Dan Mol­loy, REIQ

SHARE house living has been part of the Aus­tralian rental land­scape for many years.

Shar­ing a home with friends can make rent­ing a much more af­ford­able, and of­ten fun, op­tion for peo­ple. But, not all share houses start out that way. What hap­pens if you are al­ready rent­ing a prop­erty and want one or more of your mates to shift in?

Ac­cord­ing to the Res­i­den­tial Ten­an­cies Author­ity (RTA), sub-let­ting is where one or more oc­cu­pants are named on the ten­ancy agree­ment and they then es­tab­lish a sub-ten­ancy agree­ment with other peo­ple ei­ther ver­bally or in writ­ing for the right to oc­cupy part or all of the home.

“Sub-let­ting is al­lowed as long as the owner of the prop­erty has given writ­ten con­sent be­fore the sub-lease goes ahead,” RTA gen­eral manager Fer­gus Smith said.

“Once the for­mal okay has been given, the orig­i­nal ten­ant – now the head ten­ant – may sub-let the prop­erty. “In do­ing so how­ever, the head ten­ant then be­comes the land­lord to the sub-ten­ant and is bound by the same rules and reg­u­la­tions as any land­lord.”

REIQ man­ag­ing direc­tor Dan Mol­loy said once the prop­erty has been sub-let, a bond could be col­lected.

“The head ten­ant is al­lowed to col­lect a bond, although this is not com­pul­sory. If a bond is col­lected, it must be lodged with the RTA within 10 days and a re­ceipt is­sued to the sub-ten­ant,” Mr Mol­loy said.

“The head ten­ant has ef­fec­tively en­tered into a rental agree­ment with the sub-ten­ant as per any rental agree­ment.

“It is im­por­tant that any­one con­tem­plat­ing sub-let­ting weigh up all op­tions be­fore go­ing ahead.”

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