If a tenant ends a fixed term agreement before the end date without grounds (i.e. without sufficient reason) they are breaking the agreement. This is also known as breaking the lease.
A tenancy agreement is a legally binding agreement. If it is broken, compensation will probably need to be paid to the owner. You may be asked to compensate for:
- loss of rent (until a new tenant is found or until the end date of the agreement, whichever happens first).
- reasonable re-letting costs (usually equivalent to 1 week’s rent plus GST)
- smoke alarm servicing costs
- reasonable marketing costs (if incurred)
How To Notify You Intend To Break Your Lease
To notify us you intend to break your lease, please submit an online form.
Once we receive your advice, we will contact you to advise of compensation payable specific to your tenancy agreement. To formalise the process, you will be required to complete and sign two forms.
- Agreement To Terminate Fixed Term Tenancy
- Notice Of Intention To Leave (RTA Form 13)
When is rent payable until?
Subject to the satisfactory completion of the two forms by all parties, the lease end date will be the date that an approved and executed replacement General Tenancy Agreement commences successfully with all keys handed over.
Please note that all terms of your existing General Tenancy Agreement continue to apply including rent payments until your Tenancy officially ends including lawn maintenance, etc.
When will the bond be finalised?
The Bond will be finalised only after the usual vacating process and a replacement Tenant takes possession. A replacement Tenant will pay Bond as required.