We have a house that has tenants with a lease until early March. We wish to move into the house in late January, so we would like to request the tenants break their lease early to allow us to move in.
What do you think is a fair amount to offer the tenants as incentive to end the lease 6 weeks early? (sounds like a bribe I know).
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18-09-2012 10:39 #1
How much to offer tenants to break lease 6 weeks early?
18-09-2012 10:48 #2Senior Member
- Join Date
- Jul 2010
I had thought, that if the owner wanted to move back in, they only had to give a minimum notice period, no matter how long the lease is for?
And I would not look at providing a financial benefit to the tenant. Just give a heap of notice. If they say no, then perhaps look at reducing rent by 5 or 10 a week for a period of time..
But they may have an impact on the bond, if you reduce the rent. Thus if there is any damage to the home, you will have less money to cover it.
Good luck on whatever you decide!
18-09-2012 10:52 #3
Thanks MsImpatient. That doesn't apply in QLD, the tenants have to agree to end the lease early, whether the owner is moving back in or not.
18-09-2012 10:53 #4Senior Member
- Join Date
- Jun 2007
My parents just evicted their tenants so we could move into their investment property.
They actually gave them the full notice (2 months because they were on a continuing lease), but told them they were happy for them to move out earlier if they found something sooner, which they did.
You could do the same?
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Pina Colada (18-09-2012)
18-09-2012 10:59 #5
We're in WA and the owner needs to 'negotiate' to break the lease early. In our case the house is on the market so if they broke the lease to sell it with vacant possession the owner would also be responsible for finding a new house for us to rent.
I'd given this some thought and the 'deal' I would have accepted would have varied depending on how long we'd been in the place and how long until the lease was up. Eg. if they'd sold it a few months after we'd just moved in I would have made them pay for full-service packing/moving costs. But after we'd been here past our first lease and were onto a new lease I would have accepted a decent contribution to the cost of basic removalist - so long as we had lots of warning/time to pack.
Edited to add: the place was not on the market when we first signed the lease, in fact we specifically asked as the last house we'd been in got sold out from under us when the lease expired. They put it on the market 3 weeks after we moved in!
18-09-2012 11:00 #6
Last edited by Pina Colada; 18-09-2012 at 11:03.
18-09-2012 11:03 #7
18-09-2012 11:04 #8
18-09-2012 11:09 #9-
- Join Date
- Jul 2012
I'm a tenant and if the owners wanted us to move out early I'd happily do so if they paid for our moving costs
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18-09-2012 11:15 #10
What would you consider to be moving costs? A full pack and unpack by removalists and reconnecting services etc? Enough to hire a truck? Somewhere in between? What amount do you think you would agree on?
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