- Think about your terms and aims eg: do you want the site renovated or help on the farm - Caretaker role.
- Decide on the 1 hectare of land that will go with the house.
- View a copy of the Licence Agreement (a copy can be obtained from the Tottenham Welfare Council).
- Determine the rent and the terms of agreement (eg 12 months rent in advance per Item 7 in the Licence Agreement).
- Determine the security bond payable prior to commencement of occupancy.
- Notify your insurance company of your intention to rent-a- farm house along with 1 hectare of land. Your public liability will need to be at least $10 million dollars. Check if you should take out any other insurance eg tenant liability.
- Do you want a real estate agent involved?
- The committee will arrange for W. Burke & Co from Narromine to conduct a rental check on the applicants to ensure that they have been good tenants.
- The Licence Agreement must be signed prior to commencement of occupation. Both Parties can terminate this agreement within 90 days of signing. The fee payable for the agreement is $220 GST inc.
- Sight the licensee’s public risk policy & contents insurance policy.
- With reasonable notice the licensor can inspect the site and ensure compliance with the agreement.
- The Licensor is responsible for paying for any materials needed if renovations are to be carried out. The security bond can be adjusted accordingly.
- If the property is sold the tenant can be asked to vacate (as per license agreement item 8.2).