Another goodie and its a new movie is “Notebook” Its a love story. When I saw it in the cinema there wasnt a dry eye in the entire place by the end of the flick.
The Crest is correct. When tenants are breaking the lease agreement it is their responsibility to by the break lease fee (letting fee). They are also required to pay rent up to the start date of the new tenants. When tenants break their lease it is at no cost to the landlord. If the tenants have given notice and advised that they want to break their lease, then tell your PM to list and locate a new tenant for a fixed term lease.
I am a PM in Brisbane. You can always neg. the length of the termination period. Standard is 90 days, though it is now more common to have a 30 day notice period. If the property is vacant then you can pretty much just walk away. Its when you have a tenant in place that you are held to the agreement.
We seem to be mainly discussing the Melbourne market. Is it fair to say that even Brisbane will continue to have decreased prices ? In saying that people are still commenting that over 1,000 people relocate per week to Sunny QLD.
