We use the standard lease agreement that applies to the state or territory where the property is located.
The lease agreement outlines the responsibilities for:
- us as the tenant
- you as the landlord
We are not required to pay a bond.
Property care contract
Every property we lease has a property care contract. This starts and ends at the same time as the lease agreement.
The contract explains how we care for the property while we lease it.
As with any investment property, you must have appropriate insurance. This is to protect you and your property.
When you invest with us, you can choose a lease term to suit your personal situation.
If you buy a DHA property our standard lease terms are 6, 9 or 12 years.
If you bring a property to DHA, the lease terms are generally 3 to 6 years.
Our lease terms are fixed. However, we may extend the lease term once, by up to 12 or 36 months.
If you need to sell
You can sell your property mid-lease, but it must be with the lease and property care agreement in place. This means the buyer continues under the same terms as your original agreement.
We have a panel of real estate agents that understand our properties and agreements. They offer competitive commission rates and advertising fees.
If you need to sell, simply tell us. We can liaise with the agent, and we will promote your property sale on our website.
If your property becomes unlivable
If your property becomes unlivable, we may pause the rent payments. This could happen if the property is:
- completely or partly damaged
- no longer allowed to be used as a residence
- acquired by a government authority by compulsory process
This gives you time to resolve the problem.
We pay a rental rate that matches the current market. An independent valuer reviews the rate every year.
The rent amount we advertise is the gross rent before we deduct any amounts, such as our property care service fee.
Costs you are responsible for
As a landlord, you are responsible for these costs:
- council rates
- water rates (we reimburse water usage)
- strata rates, if they apply
- land tax, relevant to the state or territory where the property is
- termite inspections
- repairs and maintenance not covered by the property care agreement
When the lease ends
We return the property to you at the end of the lease agreement. This means you can move in, rent it privately, or sell it.
When we leave a property, we make sure that:
- all appliances work
- the property is professionally cleaned
- the grounds are neat and tidy