Does the landlord need to advise the tenant that the lease agreement is coming to an end?
Landlords are obliged to notify their tenant of the upcoming expiration of the lease agreement. This obligation will arise not more than 80 but not less than 40 business days before the expiry date of the fixed term agreement.
A landlord must notify the tenant of the following in writing:
- the impending expiry date;
- any material change that would apply if the agreement is renewed or otherwise continued beyond the expiry date;
- that the agreement will be automatically continued on a month to month basis unless the consumer expressly directs the supplier to terminate the agreement on the expiry date or agrees to a renewal of the agreement for a further fixed term.
Can you enter into a 4 year lease agreement?
Regulation 5 of the Act states that the maximum period of a lease agreement is 24 months from the date of signature by the tenant unless the tenant expressly agrees to a longer period and the landlord can show a demonstrable financial benefit to the consumer for concluding an agreement in excess of the 24 month threshold.