Legal and Ethics Issues: Assignment
Added on 2020-03-23
13 Pages1344 Words82 Views
Running head: LEGAL AND ETHICAL ISSUESLegal and Ethical IssuesName of the studentName of the UniversityAuthor Note
LEGAL AND ETHICAL ISSUES1Following documentation for this tenancy A. RESIDENCY TENANCY AGREEMENT (Fixed Term)The agreement BetweenMr John Doe Phone number - , Mail address - 6 Warra St, Somewhere 1234 (“The Tenant”)Annette Jayne Peppertree Phone number - , Mail address - 11/23 Ross St, Elsewhere 1245 (“the landlord”) ANDThe landlords agrees to let and the tenant agrees to take the premises situated at 15 Verity StreetSomewhere 1234 with the furniture and other fittings described in the inventory hereto for the term of12 months for a term of 12 month tenancy that is 365 days, commencing from the day 1st of January2016 till 31st of December, 2016. The rent agreed between the parties is to be paid in advance on weeklybasis on every Friday of each fortnight. The agreed rent is 400 dollars per week. Rent is to be directlycredited to the bank account having details as follows (Knuutinen 2014).The agency which took the role is the ABC Pty Ltd Trading as ABC Real Estate having Agency havingABN Number 12345678 and Agency License No123456. The agency account is at the address10
LEGAL AND ETHICAL ISSUES2Railway Street, Somewhere 1234. The Payment reference should be mentioned a rent (Council et al.2016).The agency manages the property on behalf of a landlord and charges them agency fee which is going toattract the management fees over this twelve month period. The fee charged by the agent is $ 400 perweek which is including 7.7% including GST. The licensing fee paid to the agency is equivalent to oneweek fees. It will pay a deposit in the sum of amount and shall be retained by the landlord in the accountand will be returned to the tenant upon completion of terms with the accrued interest after deduction ofany compensation upon breach of obligation partly or wholly if any (Dabara 2014)The landlord authorizes that the managing agent will have a budget of $1000 and it will spend on therepairs and maintenance without having to go back to the landlord for approval.The landlord authorizes the managing agent to pay council rates, water rates and repairs andmaintenance invoices from the rental incomeThe tenant will pay a advance fees for two weeks and the rent in advance which is paid at dollar 800Whereby it is agreed as follows:The property owner has the full authority to discontinue this agreement upon giving a notice for one month in advance (Wu and Fulong 2016). If the Tenants abide by the norms that are being mentioned above and continue to peacefully reside, in that case he will not wave off this agreement (McKee and Connie 2016)He will not intervene as long as the tenants continue obey the normsThe property owner has agreed to continue with the agreement that was previously made without making anychanges to it.
LEGAL AND ETHICAL ISSUES3B.RENTAL BOND LODGEMENTBond lodgement(Form )Residential Tenancies and Rooming Accommodation Act 2008(Sections 116 –119)Only tenants/residents who pay bond, and the property manager/owner, should fill out this form.1Address of rental property (rooming accommodation: include room number)New bondExisting rental bond number15 Verity StreetSomewhere1234Postcode2Agreement starts1/ 1/16Agreement ends1/12/163Number of bedrooms34Type of dwellingResidentialFlat/unitHouseTownhouseTenancyMoveable dwelling/siteMoveable dwelling/site with electricity supplied and individually meteredORRoomingBoarding houseSupported accommodationStudent rooming accommodationAccommodation5Type of management
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