If the tenant wishes to vacate the property during a fixed term tenancy, the Residential Tenancies Act refer to this as a break lease. Tenants are required to give notice in writing providing the date of when they are to vacate the property and their forwarding address.
With a break lease, the tenant is responsible for out of pocket expenses that the owner would have had to pay when they moved in and also for any cost that the owner would be charged for at the end of the tenancy.
For example, pro rata amount of the leasing fee that was paid at the start of the tenancy, bond inspection and advertising.
The tenant is responsible for the rent up until the day the lease expires or until a new tenant takes possession of the property, whichever comes first.
Innovation and change are part of our daily routine and we recognise that every client is unique and every member of Encore Property Group is focused on providing quality service.
It is vital that you protect yourself and your valuable investment property with adequate insurance.
This covers you for rent arrears, malicious damage, accidental damage, contents e.g. carpets, blinds, light fittings and furniture, deliberate damage, legal expenses etc. READ MORE...