Renting For the First Time Here’s What You Need to Know!
                     Renting For the First  
Time? Here’s What You  
Need to Know!
Our team of property managers is here to help you make informed choices.
When you are new to renting, or when you are unable to find a house to rent within 
your budget, all you  need is a professional property manager by your side. If the 
market is hot and you are considering  renting, then this guide is for you.
Looking for a house that supports your finances as well as needs can often be a difficult 
task. At times, you  may find a home in a jiffy while many times, you may have to struggle 
to get exactly what your heart  wants.
In such a case where you are unable to find yourself a home for rent, it is 
suggested to contact the  professional property managers. For any query related 
to managing your property, call Freedom  Realtors. Our property management 
group is here to guide you.
The first and the foremost thing that you must do is to prepare a checklist for renting a 
house. It should  contain all the points that you are potentially looking forward to and all 
those things that you do not want.
For instance, add:
Budget (how much you can spend), credit (look into the credit history), utilities (extra services such 
as trash, water, etc.),  house search (using resources such as contacts, online, property managers)
Now let us see what you need before applying to rent a property.
The first thing is to talk to a property manager. It is important because you will be able to secure a 
lease. As a first-time  renter, you may have a hard time getting approved because of no rental history. 
So, call a professional property manager.  Every renter has been a first-time renter so if now it’s your 
turn, there is nothing to worry about. Here are a number of  documents that you can use to 
strengthen your application. If you have these in hand and if you organize them before  starting the 
rental process. It means you can apply for properties faster. Also, you will look like a much stronger 
applicant  in the property manager’s eyes.
Here’s what you need:
Employment and income verification. These will prove that you can cover the rental amount.
Reference either from your employer or another staff member. This will prove our character and 
give reference for  reliability and responsibility.
A neighbor’s reference. A neighbor can come quite handy as they can tell you how you are on a 
property.
Personal references – Anything that can tell how you are as a person and why should a property 
manager choose you.  Photo ID is a must
A recent phone bill or any other utility.
Key Considerations
Online is by far the best place from where you can 
potentially get a lot of  options. But even before you start 
scouring the property websites to  search for a suitable 
house to rent, here are some things that you must  consider.
Create a list of must-haves and nice only for the list. Include 
everything  that you need, all your necessities like, number 
of bedrooms, type of car  space, any specific preference 
(dining space, outdoor play area for kids,  pet-friendly etc.), 
location, nearby park, public transport and other  amenities.
Add all essential items and also make a list of the items you 
can absolutely  compromise with.
Inspecting Rental Property
Checking out properties online is fine and after shortlisting 
you can go and  inspect, fill out the application and sign a 
lease. When you go and inspect,  you might get carried away 
with the beauty of the property and may even  picture 
yourself sitting in that exact spot, drinking your coffee in the  
morning and what not. Here’s a thing. Do not get carried away. 
There are a  number of things you must focus on before 
jumping to the final decision.
Must Consider the following:
There is no damage. Note down if there is any.
Take a photo and mention it to the property manager.
Make sure the garden is well-maintained. All appliances 
are working.  Ask questions and seek advice.
Documents such as a copy of residential tenancy agreement, the condition report, and a copy of 
the bond lodgment  form will be needed.
Understanding Legal Terms
Residential Tenancy Agreement
It is a legal, binding contract between the tenant and the 
landlord. This  agreement sets out all the legal details. It is 
commonly known as a lease. If  you get this document, just 
read it thoroughly before signing it.
The residential tenancy agreement will include the following:
The name and address of the tenant, the property manager 
(if different)  and the owner.
Start and end dates of the 
agreement.  Rent amount to be 
paid and how.
Standard terms like what the tenant, the owner and 
the property  manager can and cannot do.
Type and length of 
tenancy.  Other rules 
and conditions.
Bond
A bond acts as a security for the landlord in case you do not 
meet the terms  of your lease agreement. You will either get it 
back at the end of the lease  or it may be used for any cleaning 
and repairs, if required.
Just note that the bond cannot be used as any part of your 
rent. It means  when you are moving out, you need to pay 
your rent in full till the agreed  upon date.
Condition Report
This document has everything in detail like the condition of 
the property  prior to the tenant occupies it. It will include 
everything from fittings and  fixtures.
It is your duty to check the condition report against the 
property itself and  make sure it includes any damage or 
issues that you may have noticed in  the house.
Tenants are given a number of days to see the details in the 
report. They  are given time to confirm or disagree. Remember, 
the condition report will  be used most probably in case of a 
dispute regarding anything in the  property like cleaning, 
repairs, big, small, any. So, it is important for you to  read it 
right.
Note down all the areas that you do not agree with. This needs 
to be noted  in the proper section of the document.
The Inspection Report
It must be completed and returned to the property manager or the owner of the house in a stipulated 
timeframe.
The most important thing is that the landlord and the tenant, both must agree on the condition 
report. It is a good idea to  take photos of the property before you actually move in.
If you are a first-time renter, do not hesitate to take the first step with Freedom Realtors. We are 
eagerly waiting to help  you inspect, report, and finally settle.
Welcome to your new home with Freedom Realtors!
GET IN TOUCH
1 Raphael St, Hallam VIC 3803
047 637 2002
[email protected]
Content Resource:
https://freedomrealtors.com.au/renting-for-the-first-time-heres-w
hat-you-need-to-  know/