Tenant/Rent Question

Viewing 6 posts - 1 through 6 (of 6 total)

NEWGEN
Participant
@newgen
Join Date: 2004
Post Count: 151
February 18, 2004 - 1:15 am
Hi guys!
Just a quick question.. I’ve been renting a place for the past 9 months (12 month lease). I’ve broken the lease early but have done the right thing and paid the PM advertising fees ($500) plus a further $80/w for advertising in the SMH. The PMs have found a new tenant that will be moving in this weekend. Now, we pay our rent one month in advance on the 15th of each month. My question is.. because the tenants will be moving in this weekend (21/2) can I just pay that portion of the month’s rent (i.e. 6 days or so)? Or will I have to pay the whole month’s rent? I’m planning on calling the PM soon to see what he has to say but just wanted to make sure first
Any advice is much appreciated.
Cheers! [^]
ANUBIS
Participant
@anubis
Join Date: 2003
Post Count: 559
February 18, 2004 - 1:16 am
Definitely only the portion of the month that you rented the property for.
NEWGEN
Participant
@newgen
Join Date: 2004
Post Count: 151
February 18, 2004 - 1:33 am
Awesome
Thanks for that VERY quick reply.
melbear
Member
@melbear
Join Date: 2003
Post Count: 2,429
February 18, 2004 - 2:02 am
That’s an awful lot of $$$ for advertising!! You will also have to pay the ‘letting’ fee that the agents otherwise charge for finding the tenant which is usually a week’s rent.
Cheers
Mel
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
February 18, 2004 - 2:40 am
Originally posted by ANUBIS:
Definitely only the portion of the month that you rented the property for.
Anubis,
Is this your opinion or is it based on the residential tenancy act?
Check with your PM. You do not want to make any mistakes that could jeopardise the smooth refund of your bond!
All the best,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
investorgirl
Participant
@investorgirl
Join Date: 2003
Post Count: 14
February 19, 2004 - 4:54 am
Yes, definitely only the portion of the month, until the new tenant moves in. I also believe that while you are responsible for the cost of advertising (which in your case seems excessively high) you should only be paying pro rata for the reletting fee. So if the agent charges $500 to the owner for reletting, and you only have 3 months left on your lease (i.e you have fulfilled 3/4 of your contract), you should only have to pay $125 (quarter of the fee). It should be worth pointing this out to the agent, regards investorgirl