Property Investment, Success & Money | The Michael Yardney Podcast cover image

Why would anyone bother being a landlord? With Leanne Jopson

Property Investment, Success & Money | The Michael Yardney Podcast

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What's Happening With Break Leases?

The legislation is different in Queensland, Victoria, New South Wales and all of the various states so it's important that we don't get confused. The break lease fee or the break lease compensation is based on the length of the lease at the point at which they're breaking it. So yes they still have to pay rent until such times as a new tenant is found. But Michael says when you're holding a tenant to break lease you need to do a little bit of an assessment here about what's actually in your favour.

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