Removal from lease after separation

Discussion in 'Property Management' started by Cumulonimbus, 2nd Oct, 2015.

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  1. Cumulonimbus

    Cumulonimbus Active Member

    Joined:
    2nd Oct, 2015
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    32
    Location:
    Melbourne
    Hi There,

    My partner and I have recently separated.

    We currently are both listed on a lease agreement for a home.

    I would like to move out of the home and lease another home.

    Is there any red tape involved in this? do i just ask the RE agent to remove me from the current agreement? can i still get approved on a rental application while listed on the current lease agreement?

    When it comes to finding a new home does anyone know what the acceptable % is for rental cost vs salary? Need to know what kind of price range to be looking in.

    Any help appreciated.
     
    Cumulonimbus, 2nd Oct, 2015
    #1
  2. thatbum

    thatbum Well-Known Member

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    Perth, WA
    Separately you mean? So neither of you want to stay?
     
    thatbum, 2nd Oct, 2015
    #2
  3. Cumulonimbus

    Cumulonimbus Active Member

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    no, she will remain in the home
     
    Cumulonimbus, 2nd Oct, 2015
    #3
  4. wylie

    wylie Moderator Staff Member

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    If your partner is happy to stay on, and can afford the place on her own, the PM should have no issue releasing you. It would be similar to a tenant leaving who is not in a relationship with someone else. We've done that numerous times. It is just a formality, assuming she can afford to stay, and some paperwork required.
     
    wylie, 2nd Oct, 2015
    #4
  5. D.T.

    D.T. Specialist Property Manager Business Member

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    Location:
    Adelaide and Gold Coast
    Hey mate

    Melbourne rules might be a little different but I'm basing this on my SA knowledge.

    Consider a few things:
    - is she willing to top up the bond to make it full again and transferring it into her name so you can get your half out?
    - is her income enough to support current lease without yours?
    - can you go find a place of your own? Is your current PM willing to be a reference?
    - assuming all of the above is satisfactory, PM should / could take your name off the lease. In some cases this is done by starting a new lease just in her name.
     
    D.T., 2nd Oct, 2015
    #5
  6. Travelbug

    Travelbug Well-Known Member

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    This happened to one of our tenants. The agent said you cannot just take a name off (it's a contract that you both signed). In our case the hubby (who left) was happy to leave his name on it until it expired. Then we wrote a new one.
    Speak to the agent. You may be able to get out of the contract and get the other half to sign a new one. Otherwise you need to fulfil the terms of the contract you signed.
     
    Travelbug, 3rd Oct, 2015
    #6