When you invest with us you can choose a lease term to suit your needs. If you buy a DHA property our standard lease terms are six, nine or 12 years. If you bring a property to DHA, our lease terms are generally six or nine years, with the possibility of extension.
Standard lease agreement
We use the standard state or territory lease agreement that applies where the property is located. The lease agreement outlines our obligations as a tenant and the responsibilities that you retain as the landlord.
Our lease terms are fixed, however, so that we have the flexibility to meet our Defence housing obligations there are additional terms included in the standard lease agreement.
Extension of the term
We can vary the lease term by exercising each of the following rights once:
- extend the term by up to 36 months
- extend the term by up to 12 months
There is no bond payable by DHA as the tenant.
Property care contract
DHA are the tenant and the property care provider. We manage your property under the terms of the property care contract. The lease agreement and the property care contract run concurrently and end simultaneously.
You must take out and maintain appropriate insurance to cover your property and your obligations as a landlord.
If you need to sell
Find out about selling a Mid-Lease property here
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