Guaranteed rent

When you lease your investment property to us, you sign an agreement with DHA as your tenant. This means you can budget easily knowing you'll receive guaranteed1 rental income for the lease term as long as your property is habitable.

Rent is accrued daily and is paid monthly in advance for the duration of the lease. 

Rental reviews

If you are leasing a property to DHA, your initial rental valuation will be based on the current market rent of similar properties in their location. If you purchase a property with a lease already in place (a mid-lease sale), the lease will specify the rent.

At periodic intervals outlined in your lease, typically annually, DHA will engage an independent licensed valuer to provide a recommendation for the rent based on current market values. This review will determine if your rent increases, decreases, or remains the same for the following period outlined in your lease. 

If you are unhappy with a rental review, you may appeal the decision by engaging an independent licensed valuer to conduct a valuation on your property2. This additional valuation will be at your cost and not covered under the Property Care Contract. 

Rent if the property is vacant

As your lease agreement is with DHA as your tenant, we are responsible for keeping the property occupied throughout the lease term. This means that regardless of whether the property is occupied, you will continue receiving rental payments as long as the property is habitable. 

Unlike leasing through a traditional property manager, you will not be charged re-letting or advertising fees at any time. If the property is ever vacant, we will continue to maintain your lawns and gardens as part of the Property Care Contract. 

Rent abatement

If your property becomes unusable3, we can negotiate temporary rent abatement with you. This gives you the security of knowing your lease remains in place while you repair your property.

Next steps and more information 

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1. Rent may be subject to abatement under certain circumstances such as loss of enjoyment or amenity, or breach of lease terms. Rent is paid where the property is habitable. Should a property become uninhabitable during the term of the lease, or lessor breaches the lease terms, the rent may cease or abate and the lease may be terminated by DHA. Guaranteed rent is subject to the terms of the lease. DHA does not take into account an investor's objectives or financial needs. Investors should always seek appropriate independent advice before making any investment decisions with DHA.

2. If you disagree with our rent recommendation, you may be eligible to complete a secondary market rent valuation. You must engage a valuer of your choice who is certified practicing and registered member of the Australian Property Institute in the state or territory in which your DHA leased property is located. Your valuer will be required to liaise with the DHA Valuations team and the DHA appointed market valuer as part of the review process. You must confirm that your valuer understands that the market rent valuation is to be undertaken as at 31 December of the previous year. Their valuation report should only include rents achieved for comparable properties leased before this date (i.e. not listed rentals), and should not include DHA leased properties.

3. A property may be deemed to be unusable where it has been destroyed or become wholly or partly unliveable (not as a result of a breach of the lease), or can no longer be lawfully used as a residence, or are acquired or appropriated by a government authority by compulsory process.