What happens if a tenant reneges on lease renewal
What happens in a case where a tenant’s lease for the year has expired, and in the original contract it stated that he had an option to renew the lease for a further year – with a negotiated increase, but after saying that he was renewing then decided to cancel it after a couple of months instead?
Steyn Steyn & Partners are specialised Property Attorneys for Property Investors. Our firm is dedicated to dealing with problems which Landlords and Property Managers may face. Our services include Evictions (Commercial and residential), Rental Collections, Property Transfers, Property Investment Advice dealing with tax and risk factors. We also take on management of troublesome tenants. Our renowned Eviction department is headed by Eviction specialist Cilna Steyn. Please contact us for assistance with problem tenants, property transfers or advice on tax efficient property structures or visit our website for more information on property matters.
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The early cancellation of a residential lease is not a breach of the contract
Incorrect terminology is sometimes used when it comes to early cancellation of leases, where landlords or estate agents refer to a “breach of contract” in the case of a lease cancellation but in fact it is not.
Landlords- Good tenant selection is the key to success in the buy-to-rent market
Although right now the number of buy–to-let investors in the residential property sector is well below the previous peaks, an upswing in this field is definitely on the cards because rents are rising very satisfactorily year-on-year – and this, says Tony Clarke, the Rawson Property Group’s Managing Director, makes it all the more important to ensure that tenants taken on now are very carefully selected.
Landlords- Do it right to avoid illegal eviction
Once DIY landlords have bought their investment property or built additional accommodation on their premises, they are often eager to get tenants into their units quickly.