If the potential tenant has properly applied, successfully showed the financial ability and security to pay the rent and have demonstrated that they’re a reliable, proper and fit tenant to lease the property, then the next step is for the approval.
Once you’ve agreed for them to lease the property, the agent will then send them a formal letter of approval.
The potential tenant then needs to accept the approval, sign a lease, pay the bond and in most cases, pay rent in advance (usually two weeks).
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This information is of a general nature only and does not take into account your objectives, financial situation or needs. We are not financial, legal or tax advisers. You should seek appropriate professional advice specific to you before acting on this information.
