A residential tenancy agreement information statement (RTAIS) is an important document that landlords and tenants must be aware of before signing a tenancy agreement. This statement outlines key information relevant to the tenancy and helps both parties understand their rights and responsibilities.

What is an RTAIS?

An RTAIS is a document that outlines important information about the tenancy agreement. This includes the type of tenancy agreement, how long the agreement lasts, the amount of rent payable, the bond amount, and other relevant details. It also outlines the key rights and responsibilities of both the landlord and the tenant, including details about repairs and maintenance, access to the property, and the process for ending the tenancy.

Why is an RTAIS important?

Before signing a tenancy agreement, both landlords and tenants must be aware of their rights and responsibilities. An RTAIS provides a clear and concise summary of these rights and responsibilities, helping to prevent misunderstandings and disputes later on.

For landlords, an RTAIS is an important legal requirement. Landlords must provide this document to tenants before or at the time of signing the tenancy agreement. Failure to do so can result in fines and legal action.

For tenants, an RTAIS provides important information that can help them make informed decisions about renting a property. They can check the information provided in the RTAIS against the tenancy agreement to ensure that everything is fair and reasonable.

How can landlords and tenants use an RTAIS?

For landlords, providing an RTAIS is a straightforward process. They can download a copy of the statement from the relevant government website and provide it to their tenants before or at the time of signing the tenancy agreement.

For tenants, the RTAIS can be used as a reference during the tenancy. They can refer to it when they have questions about their rights and responsibilities or when they need to know what to do in certain situations, such as when requesting repairs or maintenance.

Conclusion

An RTAIS is an important document that landlords and tenants must be aware of before signing a tenancy agreement. It outlines key information relevant to the tenancy and helps both parties understand their rights and responsibilities. Landlords must provide an RTAIS to tenants before or at the time of signing the tenancy agreement, while tenants can use the statement as a reference during the tenancy. By being aware of the information provided in the RTAIS, landlords and tenants can prevent misunderstandings and disputes later on.