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Just a quick update, PM called, new tenant pulled out, they have another one lined up that can move in 2 weeks earlier. Funny how things change.

Thanks Marg, fingers crossed.

Thanks. We took people's words of caution re: they might be responsible for rent, but good luck getting it once they're gone. A bird in the hand... Yeah, they are pretty keen which is good, just need them to sign up and we can rest a little easier. Always a little stressful between tenants.

We've decided to err on the side of caution and asked the PM to negotiate for the current tenant to only pay 2 weeks out of the 4. Think that's fairly reasonable and should save us potential hassle. (Now get out! ;)) Also called Fair Trading, they weren't very useful. Said they can't provide...

No, they haven't moved out yet. The PM has been proactive, got it advertised, found a suitable tenant. But they can't move in until 4 weeks after the other moves out. That's what we were thinking, especially things that were picked up during the inspection or pointed out by the tenant. They...

It won't be vacant because of improvements, it will be vacant because that's when the new people are available to move in. We would be happy for them to move in a week after the current tenants vacate - we would still try to cram in as much work in that 1 week as possible :)

Cost/benefit. Let's say the rent is $320 for example. 320 x 4 = 1280 320 x 2 = 640 320 x 1 = ...320 From a business standpoint, there's really no question. Doing nothing to cover 4 weeks rent means we are $640-960 better off than doing something after 1-2 weeks. It doesn't make a...

Hi guys, we have a tenant breaking their lease early. The PM said the current tenant will be responsible for paying the rent until we find another tenant. They also said we can't increase the rent amount, as the current tenant is responsible for the rent. No worries, we want to do the right...