Hi all!
We are currently halfway through a two year lease (in NSW) on a place that WE rent (ie, I'm the tenant with my wife and baby). It's a 3 bedroom duplex that was fine until our son was born - now it's slowly getting too small.
I negotiated a 2 year lease with the property manager and managed to get a pretty good deal in the end ($490/week for the first year, $510/week for the second year), as market rent is probably closer to $540/week for this sort of place.
I'm happy to stay on, but my wife has itchy domain.com.au fingers and is looking for a larger house to rent.
I've never had to break a lease before - I would have thought that I'd have to keep paying rent on this place until the property manager can find someone else who will rent this place out.
Is there any other way to get out of this lease?
-- MJ.
We are currently halfway through a two year lease (in NSW) on a place that WE rent (ie, I'm the tenant with my wife and baby). It's a 3 bedroom duplex that was fine until our son was born - now it's slowly getting too small.
I negotiated a 2 year lease with the property manager and managed to get a pretty good deal in the end ($490/week for the first year, $510/week for the second year), as market rent is probably closer to $540/week for this sort of place.
I'm happy to stay on, but my wife has itchy domain.com.au fingers and is looking for a larger house to rent.
I've never had to break a lease before - I would have thought that I'd have to keep paying rent on this place until the property manager can find someone else who will rent this place out.
Is there any other way to get out of this lease?
-- MJ.