Arnold
CibbuanoRent
March 2nd 2007 00:49
Rent is the main charge that tenants have to pay on a regular basis. The level of rent and the method of rent payment should be agreed upon before the tenancy begins. Both should be written into the tenancy agreement in the spaces provided. Rent payments are GST free. The method of rent payment cannot be changed during the agreement period unless the tenant agrees.
Here's a quick guide to paying your rent and a good need to know cover of the methods of payment.
Rent receipts
Receipts must always be given if the rent is paid in person.
Receipts for rent must show:
the address of the premises
the name of the tenant
the name of the landlord or agent
the amount of rent paid
the date the rent was paid
the period of time which the rent covers.
If rent is posted, a receipt must still be filled out and either sent back to the tenant, or kept until the tenant wants to collect it. If the rent is paid into a bank account, no rent receipt need be given.
Electronic rent payments
A landlord cannot pass on the cost of providing a payment card or deposit book to the tenant for paying rent at a post office or bank.
Can rent be increased?
Rent may be increased after the fixed term period of the agreement has expired. Before a landlord (other than the Department of Housing) can increase the rent the tenant must be given at least 60 days notice in writing. The notice must show the amount of the increased rent and the day from which the increased rent is to be paid. This also applies where an existing agreement is to be renewed.
If the notice is sent by post at least four working days should be added to the amount of notice, to allow time for the notice to be delivered.
For rent to increase during a fixed term tenancy the agreement must have an additional term showing the amount of the increase or the method of calculating it. A 60 days rent increase notice must still be given.
Here's a quick guide to paying your rent and a good need to know cover of the methods of payment.
Rent receipts
Receipts must always be given if the rent is paid in person.
Receipts for rent must show:
the address of the premises
the name of the tenant
the name of the landlord or agent
the amount of rent paid
the date the rent was paid
the period of time which the rent covers.
If rent is posted, a receipt must still be filled out and either sent back to the tenant, or kept until the tenant wants to collect it. If the rent is paid into a bank account, no rent receipt need be given.
Electronic rent payments
A landlord cannot pass on the cost of providing a payment card or deposit book to the tenant for paying rent at a post office or bank.
Can rent be increased?
Rent may be increased after the fixed term period of the agreement has expired. Before a landlord (other than the Department of Housing) can increase the rent the tenant must be given at least 60 days notice in writing. The notice must show the amount of the increased rent and the day from which the increased rent is to be paid. This also applies where an existing agreement is to be renewed.
If the notice is sent by post at least four working days should be added to the amount of notice, to allow time for the notice to be delivered.
For rent to increase during a fixed term tenancy the agreement must have an additional term showing the amount of the increase or the method of calculating it. A 60 days rent increase notice must still be given.
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