Breaking a Lease & Return of Bond

BREAKING A LEASE  Signing a fixed term Agreement for Tenancy legally binds you to pay rent for the period of the lease or up to the “take over by a new tenant”. You are also obliged to maintain the premises as if in residence. IF YOU WISH TO PURCHASE A HOME DURING YOUR TENANCY PLEASE COME AND SEE US FIRST.

In addition to completing all obligations to the lease Agreement, tenants terminating their tenancies early are required to pay the Landlords reasonable costs incurred in the re letting of the property. These include:

1. The agents letting fee which is the equivalent of 1 weeks rent plus GST.

2. A min cost of $99.00 for the marketing and advertising of the home.

3. $77 for the cleaning, testing of the smoke detectors and reading of the water meter, both service a landlords must perform within 30 days of each new tenancy.

This applies to anyone breaking a lease for any reason. The owner must not lose any rent or be out of pocket for any expenditure on the changeover.

If the rental property is left in a satisfactory state of cleanliness and repair, you have paid rent up to date, fulfilled all exit requirements, a satisfactory new  tenant is found, and you have paid the relevant break lease fees your bond will be refunded in full.

RETURN OF BOND – Final inspections are conducted within 3 business days of vacating. Please note Saturday is not regarded as a business day even though our office is open. You are most welcome to be present for this final inspection, so should any unattended to matters raise their heads you could attend “on the spot” The Residential Tenancies & Rooming Accommodation Act allows for a bond to be refunded within 14 days of vacating the home. Should you have met all your obligations such as returning the keys, cleaning of the home and carpets etc there is no reason why your bond cannot be refunded immediately after the final inspection.