How long do you have to live in first house before renting?

Buy a smaller, less expensive property in your chosen area and live in this property for at least 12 months. You can then look at turning this into rental property, meaning you move out and either rent or buy another property.

Can you rent a house at 16 in Australia?

A person may rent if they are 16 years of age or older. A person aged 16 to 18 years will be bound by a Tenancy Agreement, so long as the agreement is not harsh or unconscionable. A family has a legal responsibility for the children until they are 18 years of age.

Can a 16 year old buy or rent a house?

Minors are legally allowed to repudiate contracts. Therefore no one will trust a contract with a minor. Therefore no one will contract with a minor. Basically to do this you need to get the state to warrant that you are considered capable of making adult decisions.

Is Rentvesting a good idea?

When you can’t afford to buy the home you want, rentvesting is a good alternative. You keep renting and buy an affordable investment instead. Instead of buying the property they want, rentvesters keep renting in an area they like living in. Then they buy a more affordable investment property somewhere else.

Why is Rentvesting bad?

“Rentvesting is a massive risk if you are using it to accumulate a house deposit [and hoping] it will be sold for more than your loan. If property prices drop you are screwed – with no deposit and a loan left over – and that is five to 10 years of wasted time with debt,” he said.

What is Rentvestment?

Rentvesting – owning an investment property while renting where you live – is gaining traction. Research from Property Investment Professionals of Australia shows a third of first-time buyers are shunning the owner-occupied dream and instead investing in a property and continuing to be tenants elsewhere.

Why is my house move taking so long?

Simply, there are many, many components which make up a house move. The likelihood is that other house or flat moves will be linked to your move and one or more will require some kind of finance. Inevitably the more links in the Conveyancing chain then the more complex and time consuming your move may become.

What happens if you can’t agree a completion date?

What happens if completion doesn’t take place? If either party fails to complete on the contractually agreed date, they are in breach of contract and there are penalties.

What was the house like when the previous tenant moved out?

When we first visited the rental we thought it looked all right, but after the previous tenant moved out, and we moved in, we became aware of a lot of gross crap (like cat pee, human hair, inches of dust everywhere, and food crusted on carpets and cupboards).

Can a landlord make you move out of a dirty house?

That would be fair: you moved into dirty place, you live it dirty when you move out. The law will be on your side, as he didn’t even do a move-in inspection and cannot prove how clean/dirty the place was. No one likes bad tenants, but careless landlords are even worse. What if the landlord had over 30 days to inspect the house before a move in?

Why did I have to clean my apartment before moving in?

First off, I’m not even close to Molly Maid but every time I ever moved into an apartment I had to clean it before I moved in. It’s not because it was dirty, it’s because it’s not really clean until I know it’s clean which is after I had cleaned it.

When does the tenant drive from another state to move in?

When the tenant (myself) drives from another state to move in and finds dishes, cleaning supplies from the last tenant, multiple maintenance issues, and Landlord (property manager rather) shows the tenant the dirty air filters covered with 3 inches of dust and tell the tenant to go ahead and by the filters and he would reimburse the cost.

Is the move in date the same as the lease start date?

Move-in date vs. lease start date: your move-in date is not always the same as the start date. Most leases start on the first or 15th of the month. But you can negotiate when the time of when you get the key and start moving in.

When do you start paying for an apartment when you move in?

You start paying for an apartment the day your lease formally starts, and this date should be listed in the lease contract. If you are moving in before your lease starts, you are not paying for the apartment the day you are moving in. In that case, when you do start paying you have a jump start to your new life.

When is the best time to sign an apartment lease?

What’s available 3 months in advance of your move-in date will likely be unavailable when you’re ready to move in. If you’re in a particularly desirable market, these numbers are even more applicable. An open house or apartment tour on a Saturday could lead to a signed lease on Sunday.

Do you move in the day after the previous tenant moves out?

But you can negotiate when the time of when you get the key and start moving in. Usually you don’t move in the day the previous tenant moves out. Often times the landlord will thoroughly clean an apartment, apply a fresh coat of paint, and fix various small issues from the last tenant before you make this home yours.