Being your own landlord – contracts to sign

You’ll definitely be able to get your hands on a “proper” agreement free of charge. Although you do need one which is applicable to your state, as I believe (not sure) the residential tenancies act differs state by state.

For example, here in WA all property agents use the ‘stock’ forms from reiwa (real estate institute of wa) I dont think they’ll let you download a contract from their website for free – but you can buy them from newsagents (call them and they’ll tell you which). But if you google it, you can find online copies.

That said, we also have the department of commerce (WA) which offer pretty much the exact same.. as well as a plethora of really good advice on the subject.

Really, your looking for two forms.. the application/offer (like this: http://www.olifents.com.au/rentalform.pdf ) and the residential tenancy agreement (like this: http://www.commerce.wa.gov.au/ConsumerProtection/PDF/Forms/RT24A_Dec_09_amended.pdf ) but as I said.. you’ll need to track down your local equivalent.

Also.. have a good read through something like this: http://www.commerce.wa.gov.au/ConsumerProtection/PDF/Publications/Renting_out_your_property_2010.pdf

A word of caution – plan for peace and prepare for war… Make sure you keep exemplary records. Most DIY property managers think that waving a signed copy of a lease agreement infront of a magistrate is a bit of a solve-all magic bullet. But if there is a disagreement, it often comes down to a battle of clerical skills. Record dates and times of any correspondence or action, no matter how small, put things in writing, issue receipts, all that jazz.

good luck!