New South Wales Consolidated Regulations

PROPERTY, STOCK AND BUSINESS AGENTS REGULATION 2003 - SCHEDULE 13

SCHEDULE 13 – Terms specific to agency agreement for the leasing of residential property or rural land

(Clause 13)

1 Extent of agent’s authority

The agreement must include any written confirmation prepared for the purposes of clause 5 of Schedule 6 of the extent of the agent’s authority to undertake the following duties in relation to the entering into of the lease and any limitations on the agent’s authority to undertake those duties:

(a) obtaining references from prospective tenants, arranging inspections of the property by prospective tenants and choosing a tenant,

(b) entering into and signing a tenancy agreement,

(c) undertaking an initial inspection of the property,

(d) collecting initial rent payment,

(e) receiving and disbursing rental bond money,

(f) advertising the property for letting.

2 Details about the period of the tenancy, rent and bond

The agreement must specify the period of the tenancy, the amount of the rent to be paid, the rent payment period and the amount of the bond to be paid.