Fixed term residential tenancy agreements are a common practice in New Zealand. As a tenant, it’s essential that you familiarize yourself with the ins and outs of this legal document. In this article, we’ll take a closer look at what a fixed term residential tenancy agreement is, what it entails, and what your rights are as a tenant.
What is a Fixed Term Residential Tenancy Agreement?
A fixed-term residential tenancy agreement is a binding contract between a landlord and tenant that outlines the terms and conditions of a rental property. It’s a legal document that both parties sign before the tenant moves in, and it typically lasts for a fixed period, such as six months or one year.
The agreement outlines important details such as the rental price, the duration of the tenancy, and any terms and conditions that both the landlord and tenant must abide by.
What Does a Fixed Term Residential Tenancy Agreement Cover?
A fixed term residential tenancy agreement covers several important aspects of the tenancy, including:
1. Rent: This is the amount of money the tenant must pay for the rental property and how frequently they must pay it.
2. Security Deposit: This is a sum of money that the tenant pays at the beginning of the tenancy as a security deposit. It acts as financial protection for the landlord in case of any damage caused by the tenant or non-payment of rent.
3. Duration of the Tenancy: This is the length of time that the tenancy agreement lasts for, usually six months or one year.
4. Repairs and Maintenance: The agreement should outline who is responsible for repairs and maintenance, which can be the landlord, the tenant, or both.
5. Termination: The agreement should set out the circumstances under which the landlord or tenant can terminate the tenancy before the end of the fixed term.
6. Subletting: The agreement should specify whether the tenant is allowed to sublet the property to another person.
What are Your Rights as a Tenant?
As a tenant, you have several rights that are protected by law. These include:
1. The Right to Quiet Enjoyment: This means that you have the right to live in the property without any unnecessary disturbance or interference from the landlord.
2. The Right to Reasonable Notice: The landlord must give you reasonable notice before entering the property, except in an emergency.
3. The Right to Reasonable Repairs: The landlord must keep the property in a reasonable state of repair and maintenance throughout the tenancy.
4. The Right to a Safe Property: The landlord must ensure that the property is safe for you to live in.
5. The Right to a Tenancy Agreement: The landlord must provide you with a tenancy agreement before you move in.
In Conclusion
A fixed-term residential tenancy agreement is an essential legal document that forms the basis of your tenancy. As a tenant, it’s essential that you understand the terms and conditions of the agreement and your rights under New Zealand law. If you have any questions or concerns about your tenancy agreement, don’t hesitate to speak to your landlord or seek professional advice.