If your lease renewal is coming up between now and February, your property manager should already be in touch. At Pure Real Estate, we start these conversations early — sometimes three months in advance — to make sure your property, your rent, and your tenants are all on track.
Being proactive gives you options. It allows time to review rent, communicate with tenants, and issue the right notices on time. It also prevents your property from slipping into a periodic agreement, which can expose you to unnecessary risk.
Ideally, you should hear from your property manager at least three months before the renewal date. The first conversation is simple:
“Your lease renewal is coming up soon — are you planning to stay, or would you like to review the rent and look at your options?”
At the same time, your property manager should also be asking if you’ve considered selling or changing anything with your investment plans. This helps you make informed decisions before notices need to be issued.
Your property manager should provide a Comparative Market Analysis (CMA) showing at least 3–5 comparable properties in your area.
This helps you decide on the right rent increase — not too low, not too high.
Remember: under current Queensland legislation, you can only increase rent once every 12 months.
So a small five to ten dollar increase today might actually cost you long-term.
If the market supports a thirty to forty dollar increase, it’s better to make that adjustment now rather than try to play catch-up later.
Early lease renewal discussions protect you as a landlord and ensure your property continues performing at its best.
If you haven’t heard from your property manager yet, it’s time to reach out.
👉 Want to make sure your renewal is on track?
Book your Free Lease Renewal Health Check with the Pure Real Estate team today.