Can I Get Out Of My Lease Agreement?

By Arrive
Thursday, 27 June 2019

So…. I changed my mind – can I get out of my lease agreement?

The short answer is yes… But it’ll cost you.

General Tenancy Agreements are a legal and binding document, and are not that easy to get out of simply because you have changed your mind.

If you have signed your contract for the rental property and paid the bond, the stipulations in the contract are binding and you will need to check the conditions of your lease.

Most agencies attach an Annexure and in this document it will advise the correct procedure to Break the Lease.

This is effectively what you would be doing. Most agencies will claim from the tenant a Break Lease Fee that will cover, for example their advertising costs, new lease preparation costs, and a Let Fee.

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These charges will be contained in your lease document and attached Annexure. All these charges also incur GST. These fees could be taken from your Bond.

While the agent is trying to find a new tenant, you may be responsible for paying the rent until a new tenant is found and approved.

Contact us at Arrive if you have any further questions!

Source: https://www.rent.com.au/blog/question-changed-my-mind

Karen Herbert

Article by Karen Herbert

Karen is a leading authority in leasing and managing property in Brisbane. A successful entrepreneur, she previously operated her own specialist Property Management company that went on to became one of the most prominent in Brisbane. After 20 years in the industry, Karen recognised the need to s...Read more

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