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Notice period

Discussion in 'Real Estate' started by Here_To_Learn, 24th Jul, 2007.

  1. Here_To_Learn

    Here_To_Learn Well-Known Member

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    Just curious ... if a tenant is out of their lease agreement (ie- not renewed lease ) in NSW what notice period do they need to give the owner ?

    Cheers ...
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    I assume you're referring to notice of intention to vacate ?

    21 days - unless the landlord has broken part of their agreement, in which case it is 14 days.
     
  3. Here_To_Learn

    Here_To_Learn Well-Known Member

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    Thanks Sim ... this is exactly the info I was after.

    So I assume tenant should keep paying rent in case they vacate earlier ?
     
  4. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Rent is generally supposed to be paid in advance - so if the final week before vacation is shorter than the rent period, then the landlord would normally calculate how much rent it owed up until the vacation date and the tenant should pay that amount in advance for the rental period.

    It doesn't matter if they vacate earlier than the date they notified the landlord of - they would still be obliged to pay up until the agreed date.
     
  5. Jacque

    Jacque Team InvestEd

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    Sim is correct however one thing to keep in mind if your tenant vacates without paying the rent, you can get your PM to recover monies owed from the bond.
     
  6. Here_To_Learn

    Here_To_Learn Well-Known Member

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    Thank you for your replies.

    Our PM made a typo on email he sent me. After speaking to him he advised me that tenants were vacating on Aug 15 and not Aug 5 as he explained in email.

    Now I understand the notice period when vacating. Thanks again !