If a tenant wants to move out of a property or end a fixed term agreement before the end date, they are breaking the agreement (also referred to as breaking the lease). As a Tenancy Agreement is a legally binding agreement, there are costs associated in the event it is broken.
In a break lease situation, all terms of the existing General Tenancy Agreement continue to apply, including rent payments until either a new tenancy commences or at the expiry of the existing fixed term (whichever occurs first). Tenants may also be required to reimburse the landlord for any re-letting fees (equivalent of one week’s rent plus GST) and any reasonable advertising costs incurred.
In the event a tenant wishes to break the lease, we ask that notice (Form 13 Notice of intention to leave) is given to Pure Real Estate as soon as possible. Pure Real Estate will endeavour to re-let the property as quickly as possible to mitigate any financial loss.