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How is rent calculated and reviewed?
The rental income of DHA properties is reviewed annually, according to
market valuation by a licensed valuer appointed and paid for by DHA.
The first rent review occurs on 31 December in the year in which the
lease starts. However, if the lease start date is later than 30
September, the rent review will not occur until 31 December the
following year.
DHA’s current lease incorporates a minimum rental guarantee. This means
rent will be reviewed annually, but if market rents falls, your rent
can never drop below the starting rent. |
How will rent be paid to me?
Except for the first and last rent payment, your rent is payable monthly, in advance, on the first day of each calendar month. Rent is paid direct to a bank account of your choice.
The management/maintenance fee, Goods and Services Tax (GST) and the cost of repairs that are your responsibility will be deducted from your monthly rental payment.
A statement with details of the rental payment and any deductions is provided each month.