Rent is the money paid by the tenant for the right to live in a property. 

Although rent is usually money, rent may also include any goods or services charged for the right to live in a property. Rent doesn’t include any money paid or owed as a bond.

Tenants and landlords both need to understand how rent is charged and paid.

It’s very important for landlords and tenants to keep accurate records about the tenancy.

Landlords can increase rent of fixed-term tenancies only if the agreement allows this. They must give the correct notice and meet certain conditions. The rent can also be reduced in certain situations.

Tenants and landlords need to know what to do when rent is overdue, and where they can go for help.