Notice to vacate so they can put in tenants on a longer lease?

[Bandita]

Hi all,

Just wondering about some NSW legalities. Our lease is running out in September, the agent called to ask us to sign another lease - we said we'd prefer to go month to month. The agent called back saying the owners are giving us notice to vacate unless we sign a new 6 month lease as they don't want the property to be vacant over Xmas.

We'll sign a new lease if that's the case - but I'm just wondering the legalities - is that a reason to give notice for us to vacate?

Thanks!

Cheers,
Jen

 

[travelbug]

Hi, unfortunately (for you) they don't have to have a reason to ask you to vacate if the lease has expired.
Having properties empty at Christmas is a problem as places are more difficult to rent which could result in weeks of lost rent.
If you are happy to stay I'd sign the 6 month. Bargain to see if you can get it for the same rent (they may want to put it up).

The pitfalls of renting I'm afraid.
Good luck.

 

[Cherry Pro]

Hi Jen

Think that is the case. Landlords can call the shots especially in the current market. We had a tenant on a monthly lease who hoped to stay that way
till Dec 08. Christmas is a tough time to be caught without tenants so
we asked them to sign a new lease or choose to vacate. Needless to say,
they signed a 6 month lease.

Hope it goes well for you.

Cheers