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TOP EXPERTS TALK ABOUT HOW TO BUY, SELL, RENT AND INVEST… RIGHT To educate, inform and better prepare the public with expert information about how to maximise their real estate transactions and dealings.

October 7, 2021

Ep99: Sophie Lyon - What You Need To Know When Breaking A Lease

Breaking a lease comes with its own complications and challenges, yet there are ways you can do it without having to pay out the term of your lease. Today we are going to talk about what you need to know when breaking a lease.

Sophie Lyon from Jellis Craig Boroondara is the best in the business when it comes to property management in Victoria. A director of the REIV, a trainer in the Residential Tenancies Act and all round great person.

1. What is actually 'breaking a lease?'

2. Can both a tenant and a landlord break a lease? How?

3. If a tenant wants to break a lease, what do they need to consider in regards to:

    a. Extra costs?

    b. Time?

4. If a landlord or rental provider, as they are called now, wants to break a lease, what is the tenant entitled to?

5. How much notice do you have to give if you want to break a lease?

6. Does the tenant, who broke the lease, need to continue paying rent if the property is vacant after they leave?

7. Sarah from Frankston wants to know if any extra costs can come from the bond, or does the rental provider need to give the tenant a break down of costs that need to be paid prior to vacating?

8. Do most lease breaks end up at VCAT?

9. Anything else that would be important to those thinking about breaking a lease?

 

For your property management needs:

CONTACT SOPHIE at Jellis Craig - Boroondara.

Phone: (03) 9810 5053

Website: jelliscraig.com.au

 

 

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