minimum rental period?
Apr 5th 2004, 12:11 pm
#1
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Thread Starter
Joined: Feb 2004
Posts: 110
minimum rental period?
As many of us, we are planning to rent for a few months before possibly buying a property.
Is there a typical minimum rental period for a tenancy, e.g six months like in the UK?
Are landlords/agent normally flexible in switching your tenancy to someone else if you want to move out before the expiry of the minimum period?
Many thanks
Is there a typical minimum rental period for a tenancy, e.g six months like in the UK?
Are landlords/agent normally flexible in switching your tenancy to someone else if you want to move out before the expiry of the minimum period?
Many thanks
Apr 5th 2004, 12:14 pm
#2
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Joined: Sep 2003
Location: Melbourne
Posts: 114
Re: minimum rental period?
Originally posted by Sunny spells
As many of us, we are planning to rent for a few months before possibly buying a property.
Is there a typical minimum rental period for a tenancy, e.g six months like in the UK?
Are landlords/agent normally flexible in switching your tenancy to someone else if you want to move out before the expiry of the minimum period?
Many thanks
As many of us, we are planning to rent for a few months before possibly buying a property.
Is there a typical minimum rental period for a tenancy, e.g six months like in the UK?
Are landlords/agent normally flexible in switching your tenancy to someone else if you want to move out before the expiry of the minimum period?
Many thanks
As for breaking your lease, we are doing that at the moment, basically yes you can but you have to keep paying rent until they find someone else
Apr 5th 2004, 12:15 pm
#3
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Joined: Sep 2003
Location: Anstead, Brisbane
Posts: 1,138
Re: minimum rental period?
Originally posted by Sunny spells
As many of us, we are planning to rent for a few months before possibly buying a property.
Is there a typical minimum rental period for a tenancy, e.g six months like in the UK?
Are landlords/agent normally flexible in switching your tenancy to someone else if you want to move out before the expiry of the minimum period?
Many thanks
As many of us, we are planning to rent for a few months before possibly buying a property.
Is there a typical minimum rental period for a tenancy, e.g six months like in the UK?
Are landlords/agent normally flexible in switching your tenancy to someone else if you want to move out before the expiry of the minimum period?
Many thanks
Jane
Apr 5th 2004, 1:14 pm
#4
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Posts: n/a
One reason for often wanting a 6 month minimum tenancy, is the costs that a landlord has to pay an agent each time a new tenant comes in.
It can be as much as two weeks rent, plus of course any lost rent during vacant periods between tenants.
I've just looked at one of my tenancy agreements, and it comes pre-printed with 26 or 52 week options only.
It can be as much as two weeks rent, plus of course any lost rent during vacant periods between tenants.
I've just looked at one of my tenancy agreements, and it comes pre-printed with 26 or 52 week options only.
Apr 6th 2004, 12:55 am
#5
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Joined: Aug 2002
Location: Body is in Brissie. Heart and soul has long flown home.
Posts: 3,722
Re: minimum rental period?
Originally posted by Sunny spells
As many of us, we are planning to rent for a few months before possibly buying a property.
Is there a typical minimum rental period for a tenancy, e.g six months like in the UK?
Are landlords/agent normally flexible in switching your tenancy to someone else if you want to move out before the expiry of the minimum period?
Many thanks
As many of us, we are planning to rent for a few months before possibly buying a property.
Is there a typical minimum rental period for a tenancy, e.g six months like in the UK?
Are landlords/agent normally flexible in switching your tenancy to someone else if you want to move out before the expiry of the minimum period?
Many thanks
you usually can get three month contracts if the house is on the market for sale. .. some advise - don't rent one of these homes that are for sale, it's not worth it. I have had no end of problems with estate agents wanting to bring buyers around at odd hours. I had a few arguments with one of these agents - threatened them with the RTA too.
If you want to pull out of the agreement early - you also normally pay for any lost rent and you also pay for any advertising costs that the landlord may have.
the only way you can get out of the costs of breaking a lease is through hardship - i.e. if you lose your job etc and can not meet the rent requirements.
cheers
P.S - if you got to the RTA .. this link is for queensland
http://www.rta.qld.gov.au/
(you'll have to find the equivalent body for other states) you can read up on your rights regarding renting and rental agreements.
Apr 6th 2004, 12:58 am
#6
Joined: Aug 2003
Posts: 11,149
All I can re-iterate is most leases are 6-12months. That is my experience from flat hunting in Sydney.
Apr 6th 2004, 1:22 am
#7
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Joined: Jan 2003
Location: Down the road, that's where I'll always be
Posts: 467
Re: minimum rental period?
Originally posted by Sunny spells
As many of us, we are planning to rent for a few months before possibly buying a property.
Is there a typical minimum rental period for a tenancy, e.g six months like in the UK?
Are landlords/agent normally flexible in switching your tenancy to someone else if you want to move out before the expiry of the minimum period?
Many thanks
As many of us, we are planning to rent for a few months before possibly buying a property.
Is there a typical minimum rental period for a tenancy, e.g six months like in the UK?
Are landlords/agent normally flexible in switching your tenancy to someone else if you want to move out before the expiry of the minimum period?
Many thanks
a) 3 months rent upfront instead of the usual 1.
b) The term would be for 6 months instead of 12 (which actually suited us better). After the 6 months it would be like a rolling agreement.
They also asked for a condition report from the agents who sold our property in the UK. This sounded like loads of hassle to us so we didn't mention it again. We did volunteer a current statement of our Australian savings account and that set their minds at rest.
