Canatenantbreakaleaseearly?
Whenatenantsignsafixedtermleaseagreement,they arecommittingtolivingatthepropertyuntilthe specifiedenddateIftheydecidedtoleaveearly,they mayhavetopaya‘breakfee’ascompensation Forexample,inNSWthiscanrangefromfourtoone weeks’rent,dependingonwhentheleasewassigned andhowmuchtimehaselapsedIftheagreementhas beeninplaceformorethanthreeyears,thetenantmay beaskedtopayforthelossofrent,advertisinganda lettingfee
Thetenantshouldprovidewrittenadviceofthenumber ofdays’noticeandwhentheywillbemovingoutItis importantthatrecordsofallcommunications,notices andexpensesbekept,incasethematterneedstogoto atribunal
Howtobesthandleaterminatedlease?
CathieCrampton,LJHooker’sHeadofProperty ManagementAustralia&NewZealand,saidan unexpectedendofleasemayseemstressfulbut propertymanagersareskilledatdealingwithsuch situations
“Yourpropertymanagerwillspeakwiththetenantto gainanunderstandingofwhathashappenedandseeif thereisanynegotiationsuchasonepartyremainingin theproperty,”shesaid
“Thankfullyendingaleaseearlyisnotsomethingdone onawhimThesooneryouknowatenantneedstoleave, thesooneryoucanstartplanningtofindareplacement”
Maintainingagoodrelationship
Theendofleasedoesn’thavetoescalateintolegal threatsandappearancesattribunalsWorkingcooperativelycangoalongwayinmaintaininggoodwill,
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