From: Simon and Julie M
A question for you landlord gurus.
We just finished a reno in Sydney, found a managing agent and he in turn found us a tenant. The tenant signed a lease and we thought all was going smoothly but tenant now wants out. Tenant was due to take up premises from next Monday so has not paid full bond etc or received key yet. Agent says tenant is liable for, and has agreed to pay expenses ie advertising and re letting costs to find new tenant to continue existing lease. Firstly, I don't know how likely it is that tenant will pay and whether it is worthwhile pursuing. Secondly, being the week after Xmas we accepted tenant's offer of $20 per week less than the rent we wanted. Now we would like to raise the rent again by $20 to original price but if we pursue compensation from tenant we are obliged to re advertise property at lower rental. We are fairly confident house will relet as it is a good product and price is in line with market.
Any suggestions on best approach to get best result?
Julie
A question for you landlord gurus.
We just finished a reno in Sydney, found a managing agent and he in turn found us a tenant. The tenant signed a lease and we thought all was going smoothly but tenant now wants out. Tenant was due to take up premises from next Monday so has not paid full bond etc or received key yet. Agent says tenant is liable for, and has agreed to pay expenses ie advertising and re letting costs to find new tenant to continue existing lease. Firstly, I don't know how likely it is that tenant will pay and whether it is worthwhile pursuing. Secondly, being the week after Xmas we accepted tenant's offer of $20 per week less than the rent we wanted. Now we would like to raise the rent again by $20 to original price but if we pursue compensation from tenant we are obliged to re advertise property at lower rental. We are fairly confident house will relet as it is a good product and price is in line with market.
Any suggestions on best approach to get best result?
Julie
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