Notice Of Termination

What is a notice of termination?

A notice of termination is a formal document used to end a contract or agreement between two parties. It's commonly used by landlords or tenants to notify one party that they would like to end the lease agreement. 

What is the minimum notice period for terminating a tenancy agreement? 

Depending on the reason for termination, the minimum notice that must be given can vary In states such as NSW, the landlord must give a notice of at least 30 days to end a fixed-term agreement. However, in the case that a tenant has breached the agreement, the landlord only needs to give a 14 day notice. 

What happens if a tenant terminates a lease early? 

If a tenant terminates a lease early, they may be required to pay various fees and expenses as outlined in the lease agreement. However, these fees can be waived in certain cases such as: If the landlord has breached the agreement Death of a sole tenant Financial hardship Domestic violence If the property has become uninhabitable