Rental Reduction Agreement

The process of the rent reduction agreement is fair and accessible, but tenants and landlords can still choose to get help to reach an agreement. Contact Consumer Affairs Victoria for information and advice, or receive support from services such as: if a dispute settlement order expires and tenants continue to experience financial difficulties, tenants should contact their landlord or property manager to apply for a new lease. With a budgeting tool like the Moneysmart budget planner, you can create affordable rent. The guide is that paying more than 30% of your pre-tax (gross) income in rental fees is considered an advantageous rent. There is no predetermined amount required for mandatory payments. A reduction in rent must be appropriate in the circumstances. A rent reduction ends on the date set in your contract. If you want an extension, you must obtain a clear written agreement that extends the original lease to a new date. Tenant Victoria has the example of a rent reduction letter to use as a guide, or Justice Connect Loves the landlord tool can help generate a letter based on a tenant`s circumstances. If you need help starting your rent reduction letter, simply fill out the details of the letter below for the landlord to sign. Make sure you keep a copy for yourself before sending it to the owner or agent.

It is important to register your agreement with the Victoria Consumer Business. If you register your contract, you can get more help if you are still unable to pay your rent. You see, if I can`t afford to pay the reduced rent? If you need additional assistance to contact your landlord through a rent reduction, you can contact Consumer Affairs Victoria or get support from services like this: If a landlord intends to temporarily reduce a tenant`s rent because the financial difficulties are not related to market conditions, the Tenants` Chamber recommends sending the agreement in writing with a clear description of the contractual terms. , including the nature of the tenant`s financial emergency and the duration of the rent reduction (if agreed at the time of the reduction). If you don`t have a model for the contracts, you can use our temporary lease (Word, 28KB). All „payment issues,“ such as rent reduction applications or rent arrears issues, must be subject to the residential rent dispute resolution system. It may be an intimidating step, but it is important not to delay it — paying the rent is a breach of the lease. Rent reductions can be deferred to the date the application is made. We have a step-by-step guide and template letters on how to apply for a rent reduction from the landlord or real estate agent.