The REIWA Form 347 is a document that allows landlords and tenants to make changes to their residential tenancy agreement. This form is known as the Extensions and Variation of Residential Tenancy Agreement.
The Residential Tenancies Act 1987 (WA) governs residential tenancy agreements in Western Australia. This act sets out the rights and obligations of landlords and tenants in the state. It also outlines the process of creating and ending a tenancy agreement.
However, sometimes landlords and tenants need to make changes to the tenancy agreement during the rental period. This is where the REIWA Form 347 comes in.
The REIWA Form 347 allows landlords and tenants to make changes to the existing tenancy agreement. This form can be used to extend the rental period, change the rent amount, or add or remove terms to the tenancy agreement.
To use the REIWA Form 347, the landlord and tenant must first agree on the changes they want to make to the tenancy agreement. They must then fill in the form together and sign it.
Once the form is signed, it becomes part of the tenancy agreement and both parties must abide by the changes outlined in the form.
It is important to note that any changes made to the tenancy agreement must comply with the Residential Tenancies Act 1987 (WA). For example, the rent amount cannot be increased more than once every six months and any changes to the tenancy agreement must be fair and reasonable.
Overall, the REIWA Form 347 is a useful tool for landlords and tenants who need to make changes to their tenancy agreement during the rental period. It ensures that any changes made are compliant with the law and agreed upon by both parties.