It may seem obvious to some, but for many Landlords and Tenants they can’t seem to understand the reasoning behind a lease renewal.
It’s not just a quick process that property managers do, it’s a calculated, thought out task that can benefit both the Landlord and Tenant.
Let’s look at the Landlord’s side of things first, from a Landlords point of view you would want a good tenant to stay long term and not move out after a year or so.
This is where discussing the lease renewal with the existing tenants is so important, if we can secure another year or more and possibly increase the rent* this is a great result for the Landlord. *Depending on market conditions, more on rent increases can be found on our previous blog http://www.directpropertygroup.net.au/rent-increases-and-getting-them-right/ Read More