If you`re a tenant in New South Wales (NSW), knowing the ins and outs of your tenancy agreement is crucial. A tenancy agreement is a legally binding contract between a landlord and tenant, outlining the terms and conditions of the rental agreement. Whether you`re renting a house, apartment, or even a room, a tenancy agreement is a crucial document that protects your rights as a tenant and ensures compliance with the law.

Here are some important things to consider when it comes to tenancy agreements in NSW:

1. Types of tenancy agreements

NSW has two types of tenancy agreements: fixed-term and periodic. A fixed-term agreement has a fixed end date, whereas a periodic agreement has no fixed end date and continues until either the landlord or tenant terminates the agreement.

2. Bond payment

A bond is a security deposit paid by the tenant at the beginning of the tenancy to cover any damage or unpaid rent at the end of the agreement. In NSW, landlords can ask for a maximum of four weeks` rent as bond.

3. Rent increases

Landlords can only increase the rent once every 12 months, and notice must be given at least 60 days in advance for increases above the Consumer Price Index (CPI).

4. Repairs and maintenance

Landlords are responsible for maintaining the property in a reasonable state of repair. Any repairs required due to fair wear and tear must be carried out by the landlord at their expense.

5. Entry and inspections

Landlords must give tenants at least 7 days` notice before entering the property for routine inspections. They must also provide notice for any repairs or maintenance that require entry.

6. Termination of agreement

Both landlords and tenants have the right to terminate the agreement in certain circumstances, such as if the tenant breaches the agreement or the landlord wishes to sell the property.

7. Breaking the agreement

If a tenant wishes to terminate a fixed-term agreement early, they may be liable for compensation to the landlord. The amount of compensation varies depending on the length of the remaining agreement.

8. Subletting

Tenants must seek written permission from the landlord before subletting the property.

9. Pets

Landlords can include a `no pets` clause in the tenancy agreement, but they cannot unreasonably refuse a tenant`s request to keep a pet.

10. Dispute resolution

In the event of a dispute between the landlord and tenant, there are a number of avenues for resolution, including mediation and the NSW Civil and Administrative Tribunal.

Overall, it`s important to thoroughly read and understand your tenancy agreement before signing it. If you have any questions or concerns, seek legal advice or contact the Tenants` Union of NSW for assistance. Knowing your rights and responsibilities as a tenant can help ensure a smooth and stress-free renting experience.

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