“How do I negotiate a longer lease with my property manager?” Tenant, NSW
Feature agent: Anna Gomes, Senior Property Manager at Raine & Horne Petersham.
See the rental property listings Raine & Horne Petersham currently has listed on Rent.com.au.
We asked Anna Gomes, Senior Property Manager with Raine & Horne Petersham for her advice.
Anna said prior to the expiration date on your lease, you will need to contact your property manager and advise on your intentions to renew the lease.
“Your property manager will seek instructions from the landlord,” she said. “If approved, you will be asked to sign a new lease.”
When you don’t sign a new lease at the end of your tenancy – which is usually six or 12 months – you’ll be renting on what is known as a periodic agreement or a month-by-month agreement.
You might also like:
– Rental applications: How long before I’m approved for a property?
– Australia’s cheapest (and most expensive) suburbs revealed
– Your rental ledger – Why you should be asking for a copy
This means the real estate agent or landlord has consented to your tenancy outside of a fixed-term.
You’ll still have the same tenant rights, but your landlord could raise your rent.
Your rent can’t be increased within a fixed-term period unless it’s specified when you re-sign your lease.
If you have questions about tenancy laws and how they relate to you, click here to find the best contact.