new tenant
Photo: iStock/Squaredpixels.

Reader Question

“I want to break my lease, but I know someone who wants to take over the lease of my rental property. What should I do?” (Tenant, WA)

I’ve found a new tenant, how do I break my lease?

We asked Hayley Latham, Property Manager at Harcourts Integrity for her advice:

“The person will still need to follow the same procedure as you did when you applied for the property,” Hayley said.

“Please forward their contact details to your agency’s office so they can contact them to arrange a suitable time to view the property.”

Hayley said any new applicant for your property will need to view the home with the leasing consultant and fill in an application form.

“Once the application has been received, the agent will process it and put it forward to the owner for their consideration.”

“Once a tenant has been approved, the agent will then be able to discuss finalising your tenancy.”

*****

All in all, if your landlord or property manager gives you the green light in writing, you can hand your tenancy over to someone else. The big plus here is that the easier you make it to find new tenants, the less money you’ll have to spend compensating the property owner for any lost rent.

There are, of course, state-specific laws around this reassignment, particularly when it comes to updating your tenancy agreement, transferring the bond and the period for which you are liable to pay rent. If in doubt, check your lease agreement or get in touch with your agent for more information.

*****

Continue negotiating

Stuck and can’t come to a mutual agreement? Make use of the tenancy bodies in your state or territory for legal advice.

Hayley Latham

Harcourts Integrity knows that real estate clients want to deal with consultants that have knowledge, expertise, honesty and integrity, and is committed to achieving the best possible result for them.

NO COMMENTS

LEAVE A REPLY