NSW Cancelling rental agreement before commencing

Discussion in 'Property Management' started by ff3, 16th Aug, 2021.

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  1. ff3

    ff3 Well-Known Member

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    Hi

    Asking on behalf of a friend. Property being managed by an agent, existing tenants have decided to leave and agent was looking for replacement tenants.

    Agent has made offer to new tenants commencing in a fortnight, but owner wants to move in. Is it possible to cancel the incoming agreement without too much trouble?
     
    ff3, 16th Aug, 2021
    #1
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Would have thought owners would have communicated this to the agent FIRST. The earlier the better.
     
    Paul@PAS, 16th Aug, 2021
    #2
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  3. ff3

    ff3 Well-Known Member

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    ^^ yup doing that ASAP
     
    ff3, 16th Aug, 2021
    #3
  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    It will depend on whether a binding contract has been entered into, and if so whether the new tenants agree.
     
    Terry_w, 16th Aug, 2021
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