I have recently moved in an apartment, and instantly regretted it; we plan to move out after 2 months of starting it. It's next to the train line with commercial freight trains going frequently. We didn't catch that during the short inspection.
I read that in NSW the mandatory break fee is 4 week rent, because the lease is broken very early, less than 25% of the length. I also read that the landlord can claim the expense to relet, loss rent if not let, and/or the rate difference. However, that seems excessive. I think it's capped and fixed at the 4 week rate, not both treatments.
Reading the webpage at https://www.fairtrading.nsw.gov.au/housing-and-property/rent…, it only shows the mandatory fee, and my contract also states similar. I worry if the landlord could file a civil case claiming loss rent.
Can anyone with experience confirm if my understanding is correct that the penalty is capped.
Thanks,
Ah huh…