Hiya,
Our IP is tenanted to a couple who are 6 months through a 12 month lease.
They have broken the lease as they are being transferred interstate for work. Note that they are both foreign nationals in the country for work (PM has copies of passports, DLs, other info etc).
The property will be available on the 15th November, the exact date the rent was supposed to go up by $20/week.
The PM has re-listed the property at the new rate (extra $20/week as mandated in the original lease) with a further increase by another $20/week after 6 months (this would have been the end of the original tenant's 12 month lease).
I think I am OK such that the tenant cannot claim we are re-advertising the property at a higher rate that they would have been paying (and thus claim that they do not have the pay rent until the property is re-let).
There is a 1 month bond in place, and I also have landlord's insurance. I have instructed the PM not to release bond until the property is re-let, to make sure that the tenants leave correct forwarding addresses, and that I am present at the final inspection.
As this is the first time I have had this occur, can wiser-souls provide me with any advice as to extra steps I should take to protect my position and ensure I am not left holding the bag?
Cheerio,
AJ
Our IP is tenanted to a couple who are 6 months through a 12 month lease.
They have broken the lease as they are being transferred interstate for work. Note that they are both foreign nationals in the country for work (PM has copies of passports, DLs, other info etc).
The property will be available on the 15th November, the exact date the rent was supposed to go up by $20/week.
The PM has re-listed the property at the new rate (extra $20/week as mandated in the original lease) with a further increase by another $20/week after 6 months (this would have been the end of the original tenant's 12 month lease).
I think I am OK such that the tenant cannot claim we are re-advertising the property at a higher rate that they would have been paying (and thus claim that they do not have the pay rent until the property is re-let).
There is a 1 month bond in place, and I also have landlord's insurance. I have instructed the PM not to release bond until the property is re-let, to make sure that the tenants leave correct forwarding addresses, and that I am present at the final inspection.
As this is the first time I have had this occur, can wiser-souls provide me with any advice as to extra steps I should take to protect my position and ensure I am not left holding the bag?
Cheerio,
AJ