So our leases for IPs in QLD are expiring in a couple of months, agent asks we what I want to do. One of them we are considering selling and another we are looking at doing a reno on. So I say let's roll them over onto periodic for now, assuming the 1 month notice clause either way would still apply.
Wrong my agent tells me, according to RTA legislation the tenants only need to give 2 weeks notice on periodic. To which I respond, well that sucks! This really disadvantages the landlord because they are highly unlikely to secure new tenants 2 weeks after the outgoing ones give notice.
It get's worse my agent says; if we want to give notice for them to vacate on periodic, it's 2 months!
What is this I don't even??
How can these conditions be skewed so far in the tenants favour? What is the logic behind this legislation? Is it the same in other states?
Wrong my agent tells me, according to RTA legislation the tenants only need to give 2 weeks notice on periodic. To which I respond, well that sucks! This really disadvantages the landlord because they are highly unlikely to secure new tenants 2 weeks after the outgoing ones give notice.
It get's worse my agent says; if we want to give notice for them to vacate on periodic, it's 2 months!
What is this I don't even??
How can these conditions be skewed so far in the tenants favour? What is the logic behind this legislation? Is it the same in other states?