Application form
An application form will need to be completed by each applicant wishing to lease the property. References will need to be provided to confirm that each applicant can meet the rental payments and take care of the property.

Lease Agreement
This document states the terms and conditions of the tenancy. The lease agreement will be signed by the tenant and the landlord (or agent), and both parties will receive a copy of the signed agreement.

Rental Bond
This is an amount of money paid by the tenant as a form of security against any future breaches of the tenancy agreement. The rental bond is lodged with the Department of Fair Trading, and is released to the tenant at the end of the tenancy if the property is vacated in accordance with the lease agreement requirements.

Entry costs
There are several costs involved with beginning a tenancy. These are usually - reservation fee, rent in advance, rental bond, lease preparation fee. Check with your property manager as to the exact amount of these costs.

Condition report
This report forms part of the residential tenancy agreement and has the condition of the property recorded at the commencement of the lease. The tenant has 7 days to record their comments on the report and return it to the agent, with a copy being held by the tenant.