Deposits are security against damage and unpaid bills, usually returned after handover if conditions are met. Read the break clause carefully, including notice requirements, potential fees, and whether a replacement tenant is allowed. Keep everything documented and dated.
You need to plan beyond just monthly rent. Budget for your security deposit, utility bills (electricity, water, gas), internet, and any regular maintenance or air-con servicing costs. Also factor in moving expenses and possible agent fees.
Save the signed agreement, inventory, payment receipts, and all maintenance chats. Store dated photos of existing defects and meter readings. Keeping a single folder prevents disputes and speeds up deposit discussions at the end.
Look for persistent damp smells, water stains, mold, warped wood, peeling paint, pest traces, and poor ventilation. Test taps, appliances, windows, and locks. If something seems off or the landlord avoids answering questions, consider it a red flag.
At move-in, note any existing damage (take photos) and inform the landlord immediately so you’re not held liable. At move-out, return the home in the same condition: clean thoroughly, fix any minor damage you caused, and ensure all items are returned. This way you should get your deposit back.
Aside from rent, you cover all ongoing costs. Budget for utilities (electricity, water, gas if any) and internet each month. If the unit has air-con, plan for regular servicing. You’re also responsible for minor maintenance like replacing light bulbs or filters. Basically, all household bills and upkeep fall to you.