As a tenant or landlord, it`s important to have a basic rental agreement that outlines the terms and conditions of the tenancy. A rental agreement is a legally binding document that protects the interests of both parties and ensures a smooth tenancy.

In Australia, rental agreements are regulated by state laws and can vary depending on the state or territory. However, there are basic elements that a rental agreement should include.

1. Names of parties: The rental agreement should include the full names of the landlord and tenant(s).

2. Property details: The agreement should include the address of the rental property and a description of the property.

3. Rent payment: The agreement should include the amount of rent, the payment frequency, and the due date. It`s also important to specify the payment method, whether it`s direct deposit, cheque, or cash.

4. Security deposit: The agreement should specify the amount of the security deposit, the conditions of refund, and the circumstances under which the landlord can withhold all or part of the deposit.

5. Term of the tenancy: The agreement should specify the start and end date of the tenancy, as well as any renewal or extension options.

6. Rent review: The agreement should specify if and how a rent review will take place. Rent reviews typically occur annually and can involve an increase in rent.

7. Maintenance and repairs: The agreement should specify the responsibilities of the landlord and tenant for maintenance and repairs. Typically, the landlord is responsible for major repairs, while the tenant is responsible for minor repairs and keeping the property clean.

8. Use of the property: The agreement should specify how the property can be used, such as whether pets are allowed, whether smoking is allowed, and any other conditions.

9. Termination of the tenancy: The agreement should specify the conditions under which either party can terminate the tenancy, such as breach of agreement, non-payment of rent, or giving sufficient notice.

10. Signature: The agreement should be signed by both parties to indicate their agreement to the terms and conditions.

Having a basic rental agreement in place can provide peace of mind for both tenants and landlords. It`s important to read and understand the terms of the agreement before signing and seek legal advice if necessary.