Advice on lease agreement

[Francesco]

I am seeking a legal expert in Melbourne to advise what a serviced apartment in Carlton can be used for. The lease agreement is due for renewal. If I do not renew it what are the implications for use of the apartment, ie whether I can get a different PM or sell it to an owner-occupier?

Thanks.

 

[Dazedmw]

If you are the landlord its usually not up to you if a lease it renewed unless the tenant is in breach of the lease conditions.

 

[Scott No Mates]

Does the apartment complex have an exclusive management agreement which you are required to sign upon purchase? Has this expired or just the lease?

 

[Francesco]

Does the apartment complex have an exclusive management agreement which you are required to sign upon purchase? Has this expired or just the lease?

I think the lease has expired and is proposed to be renewed for another 5 years because they have the option. I need to find out what the option entitles them to and what my rights are. Outside RE agents can manage the units and I can achieve a better rental outcomes than with the management agreement.