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.
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.
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.
Clarify which accounts must be in your name and how meter readings are recorded at handover. Photograph readings and sockets you’ll use heavily. Schedule installation visits early so internet and power changes don’t disrupt your first week routines.
Furnished units have basic furniture and appliances provided, so moving in is easy but inspect condition and note what’s included. Unfurnished units come empty, meaning you must furnish the place yourself. It’s more work upfront, but you get to decorate it your way. Consider delivery logistics, lift bookings, storage needs, and whether you’ll keep or sell items at lease end.
Make sure all friends are named on the lease so everyone is equally responsible. Agree clearly on how to split rent and bills, and set basic house rules early on to avoid misunderstandings. Also decide what happens if someone moves out before the lease ends, since you’re all responsible together.