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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 ?
     
  2. D.T.

    D.T. Adelaide 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.
     
    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
     
  4. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Mutual agreement?
     
  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
     
  6. Terry_w

    Terry_w Solicitor, Finance Broker, CTA 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.
     
  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.