Hi All
Just need a bit of advice from the people on the forum. so heres is the story; I have been renting an appartment in Sydney's West since December 2015. Initial lease term was 12 months and it expired in January 2017. At the end of the lease Landlord gave us a notice to increase the rent and also asked to sign another lease. I renewed the lease for another 12 months in February 2017 and it will expire Feb/March 2018.
So on last Friday I got a letter in the post from the real estate agent informing us the landlord has appointed them for selling the unit I am renting. They offered me to buy it (lol) and said if I am not interested in buying to be cooperative in showing the place upto twice a week to the prospective buyers. a legislation was also quoted which said the same thing .Section 53 of the RTA2010 :(4) A tenant is not required to agree to the residential premises being available for inspection by prospective purchasers more than twice a week.
Long story short is there a way i can terminate the lease, I realise the unit could be on the market for months and allowing inspections twice per week would be so inconvenient. So i was thinking if section 100 applies to this situation and i can terminate the lease because of that ? I would be grateful if you guys could share you experiences if you have ever been in a situation like this or what is your interpretation of the legislation. Many Thanks.
Section 100: Early termination without compensation to landlord
http://www.legislation.nsw.gov.au/#/view/act/2010/42/part5/d…
(c) that the landlord has notified the tenant of the landlord’s intention to sell the residential premises, unless the landlord disclosed the proposed sale of the premises before entering into the residential tenancy agreement as required by section 26.
Section 26:
(2) Disclosure of sale, mortgagee actions A landlord or landlord’s agent must disclose the following to the tenant before the tenant enters into the residential tenancy agreement:
(a) any proposal to sell the residential premises, if the landlord has prepared a contract for sale of the residential premises.
Asking Ozbargainers for their interpretation of the legislation? :) You're brave!