I've property in VIC on annual lease. Lease is about to end and we have send the rent increase notice with new lease, tenant has decided to browse around.
I am thinking, until what time tenant can hold off making decision. Is it the last day of lease or 28 days prior to end of existing lease.
Checked online it says tenant needs to give 28 days of notice if they want to vacate the property but does it mean they also need to advise us 28 days before end of existing lease if they are going to sign new lease or not?
I am confused....can someone pls clarify...
I am thinking, until what time tenant can hold off making decision. Is it the last day of lease or 28 days prior to end of existing lease.
Checked online it says tenant needs to give 28 days of notice if they want to vacate the property but does it mean they also need to advise us 28 days before end of existing lease if they are going to sign new lease or not?
I am confused....can someone pls clarify...