When you agree to rent a property, you usually need to pay:
- a fee to the letting agent if you have used one
- a bond
- rent in advance
You will also need to pay for getting the telephone, electricity and, where applicable, gas connected. For example, if your rent is $250 per week, you may need:
| Expense |
Amount |
|
4 weeks' rent as bond |
$1,000 |
|
2 weeks' rent in advance |
$500 |
|
1 week's rent for the agent's commission (including Goods and Services Tax or GST) |
$281 |
|
Telephone, power and gas connections |
$300 |
| In total you will need (approximately) |
$2,081 |
