New South Wales Granny Flat Rental Contracts
In New South Wales, rental contracts for granny flats can be flexible or variable-rate based. However, it is essential to review the Residential Tenancies Act 2010 and the Residential Tenancies Regulation 2019.
Short-term contracts:
- You can enter a short-term contract with a tenant, but there are specific requirements:
- The minimum term for a short-term contract is 28 days.
- The maximum term for a short-term contract varies depending on the circumstances; typically, it’s up to 3 years.
Variable-rate contracts:
- Variable-rate contracts can be used in New South Wales, but they must comply with the Residential Tenancies Act and Regulation.
- The rent increase notice period is generally 4 weeks for variable-rate agreements.
Key considerations:
- Always ensure you provide a proper disclosure statement to your tenant.
- Keep records of all communication and transactions related to the rental agreement.
- Familiarize yourself with New South Wales state laws and regulations before starting any rental contract.