“How does a rent reduction work for tenants in the Northern Territory?” Tenant, NT
We asked Ray White Darwin , Kate Nolan for her advice.
Kate said that in the NT, a rent reduction could take multiple forms.
“A rent reduction will either be offered via your property manager, or you can request one from your property manager yourself,” she said.
“Your property manager, in turn, will take your request to your landlord who will make a decision and instruct your property manager on how they would like to proceed.”
Have a question you would like to see answered here? Let us know!
“If a rent reduction has been agreed, then your property manager will ask you to sign a Memorandum Of Variation (MOV), which will detail the variation in the rent.”
This variation is the rent reduction from the agreed date and will be added to your lease agreement.
You might also like:
– Can I attend the routine inspection with my agent and talk to the tenant?
– What is stamp duty and how does it work?
– Who makes the final decision on tenant selection?
– Who is responsible for pool care, landlords or tenants?