When you lease your investment property to us, you sign an agreement with DHA as your tenant. This means you can budget easily knowing you'll receive guaranteed1 rental income for the lease term as long as your property is habitable.
Rent is accrued daily and is paid monthly in advance for the duration of the lease.
If you are leasing a property to DHA, your initial rental valuation will be based on the current market rent of similar properties in their location. If you purchase a property with a lease already in place (a mid-lease sale), the lease will specify the rent.
At periodic intervals outlined in your lease, typically annually, DHA will engage an independent licensed valuer to provide a recommendation for the rent based on current market values. This review will determine if your rent increases, decreases, or remains the same for the following period outlined in your lease.
If you are unhappy with a rental review, you may appeal the decision by engaging an independent licensed valuer to conduct a valuation on your property2. This additional valuation will be at your cost and not covered under the Property Care Contract.
Rent if the property is vacant
As your lease agreement is with DHA as your tenant, we are responsible for keeping the property occupied throughout the lease term. This means that regardless of whether the property is occupied, you will continue receiving rental payments as long as the property is habitable.
Unlike leasing through a traditional property manager, you will not be charged re-letting or advertising fees at any time. If the property is ever vacant, we will continue to maintain your lawns and gardens as part of the Property Care Contract.
If your property becomes unusable3, we can negotiate temporary rent abatement with you. This gives you the security of knowing your lease remains in place while you repair your property.
Next steps and more information