I have lived in my house for 19 years and the lease has long expired. NSW now called periodic lease. Today agent called and offered me to sign a new lease, with rent increase of $10. I said okay, but you have to give 60 days notice. She said no, not when you sign a new lease. I have checked a couple of sites and they say I am right. In fact it has to be in writing. what should I do?
Real Estate Called, Increased Rent without Notice
screensaver on 15/09/2019 - 00:57
Last edited 15/09/2019 - 00:58
Last edited 15/09/2019 - 00:58
Comments
When was the last rent increase?
Why do they want you to get back on a fixed lease and not just stay periodic?
Last increase about year ago, I do want to stay another year for certainty and am tempted to say nothing
They want me to sign on Tuesday
They may be refinancing the property and want to show there is a lease in place (and higher rent) for serviceability. Let them know you are happy with the $10/w increase (assuming you are), but you do want the 60 days notice, however, if they want to do the lease for the higher amount and reflect a credit of the difference you'll sign it on Tuesday. They get what they want, you get a credit for the higher amount so end up where you'd otherwise be with 60 days actual notice.
I am thinking I will sign, then print out something to show I am entitled to notice and take it in a few days later
Don't sign anything. They have to give notice, in writing.
Why go to all this trouble if you intend to sign a new contract anyway?
I am thinking I will sign, then print out something to show I am entitled to notice and take it in a few days later
literally the worst thing you can do.
It’s about $80 you’ll save. Are you worried about this money or the principle of it?
Nothing forcing you to sign a new lease if you are periodic
You are both right.
You don't have to sign but then they give you notice and your rent goes up without a contract.
If you CHOOSE to sign, then you start paying the new amount immediately.
It's $80 don't be a tight arse, they have given you their house for 19 years lol. Don't like it go get a mortgage you will be paying a lot more than a extra 2 coffees a week.
Yes but I did him a favour, house was worth about 200k when I rented it, now worth about 800k, derelict house no one would rent, thats why rent still cheaper than others
What? Op has probably payed the house off for them.
For NSW, at least, 60 days notice has to be given.
https://www.fairtrading.nsw.gov.au/housing-and-property/rent…
Before any rent increase can take effect, you must give the tenant at least 60 days notice in writing.
The notice must:
specify the proposed new amount of rent (not the amount of the increase)
specify the date from which the increased rent is payable
be signed, dated and properly addressed to the tenant.There are three choices, but you have control over two:
1 You sign the new lease at the new rate
2 You don't sign the lease and hope that they offer you the same with the 60 days notice
2b You don't sign the lease and they end the tenancy with 90 days notice (periodic lease notice period)For people saying they still need to give 60 days notice, that's only for option 2. If you sign a new lease you agree to their terms.
On a periodic lease there are no limits to how many times they can increase the rent (as long as they give the right notice period)
The site I read said it doesnt matter if you sign a new agreement, notice must still be in writing, I can ring to make sure
Wait the 60 days then take it or leave.