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

Discussion in 'Property Management' started by Bandita, 21st Aug, 2008.

  1. Bandita

    Bandita Member

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    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
     
  2. travelbug

    travelbug Member

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    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.
     
  3. Cherry Pro

    Cherry Pro Member

    Joined:
    2nd Apr, 2007
    Messages:
    877
    Location:
    Sydney, NSW
    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