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Investment Lease

Discussion in 'Real Estate' started by MasterCheif, 15th Sep, 2008.

  1. MasterCheif

    MasterCheif Active Member

    22nd Sep, 2007
    Hi All,

    I just received notice that my renters are planning on leaving a month short of the lease (october instead of november). Am i able to force them to still pay the months rent, and still have them move out so that i can find someone else to live there? They have stated that they have found a better place and wish to leave...yet they still have a month on their lease.

    Many Thanks.
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    9th Jun, 2005
    Sydney, Australia
    Breaking the lease is not all that uncommon. You are not able to "force" them to do anything, but you can make a claim to the tenancies tribunal (once they have actually moved out and stopped paying rent) for their bond money - which is typically 4 weeks rent anyway.

    Do you use a property manager? They should be able to take care of all of this for you.