WORDBANK/PHRASEBOOK

WORDBANK/PHRASEBOOK

DEALING WITH RESIDENTIAL TENANCIES:

LESSOR/LANDLORD - The person who actually owns the property

LESSEE/TENANT - Usually the person who wants to live in the property


GENERAL TENANCY AGREEMENT - A written agreement between the Lessor and the Lessee detailing how the Lessee will live in the Property

BOND/SECURITY DEPOSIT - a sum of money paid by the tenant to the landlord to be held and not used like an insurance policy in the event of a breach of a term of the lease by the tenant.

BOND LOAN - An agreement between the tenant and another party (not usually the Landlord) to supply the money required for the Bond on terms set out in the agreement


BREACH OF LEASE - An action that goes against the terms of the written agreement that make up the lease.

NOTICE TO REMEDY BREACH- A document in the format required under the Residential Tenancies and Rooming Accommodation Act 2008 that details to the breaching party of the lease what the breach is and how it can be corrected.

MANAGING AGENT - A person or company that acts on behalf of the Landlord in respect of enforcing the terms of the lease agreement.

DEPENDENT - A person that is depends upon the Tenant for income or a place to live

OCCUPANCY - The place where the Tenant lives currently

PREVIOUS OCCUPANCY- The place where the Tenant lived previously

RESIDENTIAL TENANCY - A written agreement under the terms of the relevant legislation that governs the rules and requirements of giving a person or persons the right to occupy a property that they do not own.

RESIDENTIAL TENANCY AGREEMENT - The written agreement pursuant to the Residential Tenancies and Rooming Accommodation Act 2008 between an Landlord and a Tenant

RESIDENTIAL TENANCIES AUTHORITY - The state government body established by the Residential Tenancies and Rooming Accommodation Act 2008 to provide tenancy information, bond management, dispute resolution, investigation, policy and education services.

Please note that this page should not be construed as providing specific legal advice and is information of a general nature only. For specific questions you should contact a solicitor or refer to the Residential Tenancies Authority website.