5. Apply for the property
Once you’ve found the right place you can start the application process. Find out how to apply for a rental property.
6. Property inspection or inventory
Your landlord would have completed an inspection of the property and inventory of the chattels prior to your tenancy commencing. After moving into the property if any repairs or maintenance is required you are legally obliged to advise the landlord as soon as possible to prevent further damage occurring.
7. Sign the tenancy agreement
A tenancy agreement outlines the terms and conditions agreed to by both the tenant and landlord. Along with key contact details, it will include information as to the weekly rent amount, frequency and account details for payment, the bond amount, the letting fee to be paid, a list of chattels, the type of tenancy and the date the tenancy ends if its fixed term. Any special instructions or conditions will also be included.
It is recommended that both you and the landlord sign the agreement before you move in to avoid any possible misunderstandings in the future. You will be given a copy for your records.
8. Payment of the bond
A bond is money you pay as security to your landlord to protect them in case of unpaid rents or damage to their property. The bond can legally be up to the equivalent of four weeks rent (and no more).
All bond money is lodged with and held in trust by Tenancy Services, which is part of the Ministry of Business, Innovation and Employment. You'll be given a receipt for your bond, which you should keep in a safe place.
What happens to my bond when I move out?
When you vacate the property at the end of your tenancy, your bond will be refunded either in full, or your property manager will contact you regarding any claims they may have for rent arrears, damage, outstanding water, cleaning etc.
9. Move in
With the documentation completed and all monies paid, you can now move in and enjoy your new home. Don't forget to arrange your own contents insurance to protect yourself in the event of any unforeseen damage.
Inspections and maintenance issues
Throughout your tenancy there will be regular routine inspections and you are required to let your property manager know if there are any maintenance issues.