The TUV is aware that tenants are being encouraged by landlords and property managers to offer more than the stated rent in order to secure the property. This practice is called ‘rental bidding’ or a ‘rental auction’.
The practice of advertising one price but only accepting higher offers is not acceptable in other consumer transactions (such as purchasing goods in a shop), and it should not be tolerated in the rental market.
The Real Estate Institute of Victoria has issued guidelines for its members that prohibit rental bidding, however the practice still occurs.
The TUV believes the practice should be specifically outlawed so that people wishing to rent a home can rely on the price stated in the advertisement and not feel obliged to offer more than this price.
Have you ever been to inspect or tried to make an application for a rental property only to be told by the property manager or landlord that it will not be leased for the advertised price? Has a property manager or landlord ever told you that to secure a property you should offer more than the stated rent per week or per calendar month?
Case studies about your experiences can help us to campaign for better tenancy laws and practices. We have lots of statistics based on our research and our advice work but your stories can add a strong ‘human’ voice to our evidence base. This can be very powerful when we are talking to politicians or the media about the issues that tenants face. It can also provide good examples of real problems when we are writing submissions or newsletters.
We will never use your story in a way that could identify you unless you specifically give us your consent. Tell us your story.
You can tell the Government that they should should explicitly outlaw rental bidding.
Right now the Victorian Government is reviewing the key renting legislation that affects your rights and responsibilities as tenants (Residential Tenancies Act 1997). This means that now is the perfect time to have your say. You can help us make a difference for all people renting in Victoria by adding your voice in support.
Send an email via the form below. You can add to our message or write your own.
To the Residential Tenancies Act review,
I am writing to you in relation to ‘rental bidding’ or ‘rental auctions.’ This practice of advertising one price but then encouraging higher offers should not be tolerated in the rental market.
I note that the Real Estate Institute of Victoria has issued guidelines for its members that prohibit rental bidding, however the practice still occurs.
I encourage you to specifically outlaw rental bidding so that people wishing to rent a home can rely on the price stated in the advertisement and not feel obliged to offer more than this price.