Noosa Hinterland Blog

Do you know when your tenant’s lease expires or if they are moving out of your investment property?

It is essential for landlords to be aware of the lease end date with each property and be proactive leading up to the end date.

Listed below are a few points to consider:

• Do you and the tenant/s want to sign another lease?
• What length of lease do you want? Remember there are usually increased vacancy periods in winter and over Christmas. Ensure your lease does not end at these times.
• Discuss the option of a rent increase with your property manager. 60 days’ notice is required for any rent increase. A rent increase can also be written into the new lease if it is a long-term tenancy.
• If the tenant is vacating, ensure that your marketing campaign starts immediately and is appealing to prospective tenants to attract interest. Marketing and open homes should occur before the tenant moves out. This will minimise the vacancy period between tenants.

Published by PPM Group - September Newsletter