Are you planning to rent a home in Sydney? If so, you`ll need to sign a residential tenancy agreement. This is a legally binding contract that outlines the terms and conditions of your tenancy. It`s important to read and understand the agreement before signing it, as it will govern your tenancy.

Firstly, the agreement should include the names of the landlord and tenant(s), as well as the address of the rental property. It should also set out the length of the tenancy, whether it`s for a fixed term or periodic.

The agreement should state the amount of rent payable, how often rent should be paid, and the due date for payment. It should also outline the consequences of late payment, such as late fees or termination of the tenancy.

In addition, the agreement should specify the obligations of both the landlord and tenant(s). For example, the landlord is responsible for maintaining the property in good condition, ensuring it`s safe to live in, and providing necessary repairs. The tenant(s) are responsible for keeping the property clean and tidy, reporting any damage or repairs needed, and not causing damage to the property.

The agreement should also outline any conditions for the use of the property, such as whether pets are allowed, smoking is permitted, or alterations can be made to the property.

Finally, the agreement should include any special terms or conditions that may apply to the tenancy. This could include rules for common areas if the property is part of a strata plan, or any additional agreements reached between the landlord and tenant(s).

It`s important to remember that a residential tenancy agreement is a legally binding contract. If either the landlord or tenant(s) breach the terms of the agreement, there can be serious consequences such as eviction or legal action. It`s therefore essential to read and understand the agreement before signing.

If you`re unsure about any aspect of the agreement or have questions, it`s recommended to seek legal advice before signing. With a clear and comprehensive residential tenancy agreement in place, you`ll be well on your way to a successful tenancy in Sydney.