Steps to Take When There’s a Change of Shared Tenancy

Steps to Take When There’s a Change of Shared Tenancy

A shared tenancy is when more than one person is named as tenant on a residential tenancy agreement. In the event that one or more co-tenants may want to make changes to the agreement, you will need to be prepared as Landlord or Property Manager.

According to Queensland legislation, co-tenants are responsible for the rent and care of the property as a group and as individuals. The first step is making sure these changes are agreed by all parties and put into writing.

A common change to the agreement is where at least one of the current tenants is staying, but there is a request to either remove a co-tenant from the agreement, add a new one or both.

The steps to take would involve:

  • seeking lessor instructions
  • processing an application form for any new tenants
  • ensuring new tenants confirm acceptance of the original entry condition report and tenancy agreement
  • ensuring the vacating tenant returns the keys and the new tenant signs in acceptance of those keys
  • ensuring all tenants are aware of their rights and obligations
  • facilitating RTA Form 6 Change of Shared Tenancy Agreement
  • updating records

Stacey Lee Realty has experienced Property Managers to handle the task of maintaining your investment and ensure your investment is working for you with minimal hassles. Call us today at 07 3399 2966 or visit www.staceyleerealty.com.au