If a tenant wishes to end a fixed-term tenancy agreement before the end date, and does so without sufficient reason this is considered a breach of the agreement, often referred to as “breaking the lease“.
How To Advise Us
If you intend to vacate before the end of your tenancy, please submit an online form to notify us of your decision.
Compensation To The Lessor
Agreements entered into before 30 September 2024
You may be required to compensate the lessor for any expenses incurred. This may include:
- re-letting costs (usually equivalent to 1 week’s rent plus GST)
- marketing
- smoke alarm servicing
- maintenance of the property while vacant (e.g. gardening and cleaning)
- loss of rent (until a new lease starts or the original end date of your agreement, whichever occurs first).
Agreements entered into after 30 September 2024
You are required to pay reletting costs being the lesser of:
A multiple of the weekly rent based on how much of the tenancy duration has passed, or
An amount equal to the rent for the period between vacating the property and the start of a new tenancy
The RTA (Residential Tenancies Authority) provides more details on the calculation method here.
Process
Once we receive your information, we will forward it to the lessor. After receiving instructions, we will inform you of any compensation specific to your agreement.
To formalise the process, a written agreement may be required between both parties (tenant and lessor).