TENANCY RENEWALS<< Back to Blog
We want to clear up some confusion regard to the new residential laws that were effective from 1st July 2009 & how they effect residential tenancy agreement renewals. Firstly to explain a little of the about the lengthy renewal procedure:
1 – Our office will inspect your property to ensure your tenants are looking after the property before we recommend that they stay.
2 – A Property Management Team meeting is held to discuss the tenancy and a Current Market Appraisal is completed.
It is best that your property is achieving market rent. If you require vacant possession at the end of the tenancy you are now required to give your tenant 2 months written notice to leave – Our office will send you an emailed and or posted letter approximately 2 1/2 months before your tenants lease end date. This letters states you must contact our office immediately if you need possession. If you want the tenancy to continue all you have to do before the requested date is complete the bottom of the letter & return it to our office with your written instructions (all instructions must be in writing).
If we do not receive your instructions then as per the letter we will commence the tenancy renewal at the suggested rental price & tenancy term. The tenancy renewal is issued to the tenants approximately 5 weeks before the tenancy ends to ensure adequate time to negotiate the best outcome.