Moving into IP

Discussion in 'Property Management' started by menty, 13th Aug, 2016.

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  1. menty

    menty Well-Known Member

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    i would like to move into one of my IPs that is currently tenanted (now on periodic lease)
    Do I have to give notice to my tenants that I would like to move in ?
     
    menty, 13th Aug, 2016
    #1
  2. D.T.

    D.T. Specialist Property Manager Business Member

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    No just turn up with your moving van full of furniture :p

    Yes, need to give written notice. For a periodic lease, amount varies per state between 60 and 120 days.
     
    D.T., 13th Aug, 2016
    #2
    MyPropertyPro, Ed Barton and Terry_w like this.
  3. menty

    menty Well-Known Member

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    Yes that was worded wrongly . I believe Nsw needs 90 days notice , but I need a place to stay so need some options to reduce this time if possible
     
    menty, 13th Aug, 2016
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  4. Terry_w

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

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    Mutual agreement?
     
    Terry_w, 13th Aug, 2016
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  5. Marg4000

    Marg4000 Well-Known Member

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    First step is to issue the correct notice to leave immediately.

    You can then approach the tenant to see if you can negotiate an earlier exit.
    Marg
     
    Marg4000, 13th Aug, 2016
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  6. Terry_w

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

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    And the notice you give is 90 days but they only have to give 2 weeks or 30 days so they may leave early.
     
    Terry_w, 13th Aug, 2016
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  7. dabbler

    dabbler Well-Known Member

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    periodic in NSW has been 90 days for a while now, if the tenant does not want to go earlier, they do not have to, you can stay in a motel or short term yourself till they are gone if need be.

    See if anything will entice them for earlier, but they too need somewhere to go.
     
    dabbler, 14th Aug, 2016
    #7
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