Interior Design and Home Decoration Ideas for Living

• The amount of rent that has been paid.

• The date that the rent was paid.

• The period of time that the rent covers—so if you pay your rent monthly the receipt should state that this payment covers the time period of one month.

Ensure the actual dates covered by your payment are specified as well. If a landlord decides to increase the rent, they have to give you at least 60 days’ notice before the increase can take place. If your landlord tries to increase the rent, have a look at your tenancy agreement—under a fixed-term lease the rent can only be increased if there is a clause allowing for an increase to occur. If there is no such clause, the rent cannot be increased until your tenancy an agreement expires. Click here to read more.. »

When you move out of home, rent is probably the biggest regular expense that you are going to face each week. Not only do you have to pay the bond, but as rent is usually paid in advance you have to find the money for the first rental payment as well. Rent is usually paid fortnightly or monthly in advance.

The amount you have to pay must be agreed upon before you move in, and written in your tenancy agreement. It is important to remember that rent is GST-free. According to the Renting Guide put out by the NSW Department of Fair Trading, you must get a receipt every time you pay your rent. Click here to read more.. »