Understanding The Details Of Rental Agreements In WA

ALL THAT YOU NEED TO KNOW ABOUT
RENTAL AGREEMENTS IN WA

LANDLORD INSURANCE CAN COVER
• Theft or burglary by tenants
• Damage or vandalism by tenants
• Loss of rent because of tenant default
• Legal expenses during eviction

WHAT TO LOOK FOR IN LANDLORD INSURANCE

#1 – PRICE
• Cost varies between territories, states, and postcodes
• Factors include crime stats, risk of natural disasters
• It’s an investment expense and hence tax deductible

#2 – AN IDEAL INSURANCE INCLUDES
• Damage caused by natural disasters
• Loss of rent
• Damage caused by tenants (guests, pets, etc.)
• Theft or burglary
• Public liability cover for injury
• Legal costs for eviction

#3 – LOOK FOR EXTRAS
• Can include re-letting expenses
• Replacement of keys, locks, tax audit insurance, etc.
• Look for extras before you buy

Questions To Ask Before Choosing Landlord Insurance
1. Do I need specialist insurance?
2. Does the insurance cover furnishings?
3. Does the insurance cover pets?
P.S: In some states, you cannot refuse pets without a valid reason.

Any specific risks you’d like covered?
For example: 1. flood-risk
2. burglary
Looking for more information about rental agreements in WA?
Visit - https://www.propertynow.com.au/

WE HELP HOMEOWNERS
• Sell/rent their home without an agent
• Manage their enquiries
• Negotiate the deal for homeowners
And more…

Visit - https://www.propertynow.com.au/
Call - 1300 664 773
To rent or sell without agents!