Friday, May 10, 2024
Friday, May 10, 2024
HomePet Industry NewsPet Financial News750,000 occupants risking their bond over these white lies

750,000 occupants risking their bond over these white lies

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A composite image of a for rent sign and apartment in Zetland to represent the rent crisis.

Renters are risking everything by lying to their property owner. (Source: Getty)

Many Aussie occupants have actually confessed to being less than genuine with their property owner, according to brand-new research study.

A Finder survey of 810 occupants revealed a quarter (26 percent) have actually concealed parts of their lives from their property owner or property representative – comparable to 754,000 individuals.

The research study discovered 10 percent had concealed a pet – making that the most typical fib amongst occupants – while 7 percent confessed to cigarette smoking or vaping within.

Hiding damage such as a hole in the wall, or making enhancements to the property without asking authorization were each concealed by 6 percent of occupants.

The information discovered 5 percent of renters had sublet to an additional individual without appropriate paperwork or lease approvals, to make a little bit of additional money on the side.

A more 3 percent leased the space out on platforms like Stayz or Airbnb without authorization.

Lying might cost you

Finder money professional Sarah Megginson said lying to your property owner was a dish for catastrophe.

“Hiding things from your landlord or real estate agent could be considered a breach of your tenancy agreement,” Megginson said.

“Depending on the nature of the lie, could result in the loss of your bond, termination of your rental agreement, or your landlord taking legal action against you.

“Whilst you might consider it to be a white lie, you run the risk of throwing yourself back into a highly competitive rental market with a black mark against your name.”

Your bond might be held

A different Finder study revealed that, in the previous 5 years, more than 36 percent of occupants had actually lost some or all of their rental bond.

Of those who didn’t get their bond back, damage to the leasing – consisting of floorboards, carpet, and pet-related damage – represented 42 percent of lost bonds.

Aside from damage, a dirty kitchen area or oven (16 percent) and unsettled lease (11 percent) comprised the other factors bonds weren’t returned.

Megginson said sincerity was the very best policy for occupants.

“For instance, in Queensland, if a tenant makes a change to the property without the landlord’s consent, they can be required to reinstate the property to its original condition – even if the changes you made add value or amenity,” Megginson said.

“Being dishonest can have tremendous negative consequences, which could persist in the future.

“Disclosing issues up front can help you tackle the problem and save you money and heartache down the track.”

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