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 owing as a bond.

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

Both landlords and tenants should keep receipts and records of rent and bond payments.

Landlords can increase rent if the tenancy agreement allows this, but they must give the correct notice and meet certain conditions. They must take into account the type of tenancy, a notice period, and market rents. They can also increase the bond at the same time.

A tenant has to pay the rent on time. The tenancy agreement will say how the rent is to be paid and when. If the rent is not paid on time it is called overdue rent (or rent arrears).

Landlords and tenants may agree to rent reductions in certain circumstances.

Read our tips on how to prevent problems with rent payments during your tenancy.

How much rent in advance is a landlord allowed to ask for?

This depends on whether the tenant will be paying rent weekly or fortnightly.