Renew/Vacate Why Being Proactive Is A Must

As your tenants fixed term comes to an end, you’ll want to know their plans. If they’ve been reliable tenants you want to stay on, or not so reliable tenant that you want to move on – sending a renew/vacate notice will buy you time to plan for either eventuality.

We have a template available – request it by emailing info@tenantsource.co.nz

As landlords we should always take the lead so we not having to react last minute which tends to cost. As fixed term leases come to an end, if neither party contacts the other the lease will automatically roll onto a periodic tenancy. That is a tenancy which does not have a fixed end date and will run until either party gives notice.

If you want a reliable tenant to stay on, or a not so reliable tenant to move on – you are best to send a renew/vacate notice to determine your tenants intentions. In New Zealand this can be sent any time from either party between 90 and 21 days of the initial lease period end date.

Want a reminder when the end of the tenancy is coming up? Just email us with the current end date of your fixed tenancy and we will send you a renew/vacate reminder and a copy of our template letter 90 days before end date.

Disclaimer: The information contained in this publication is exclusively for promotional purposes and is not to be relied upon for legal or contractual dealings. Tenant Source recommends you seek independent legal advice, and that you may need to seek technical or other advice and information prior to making any actions in regards to tenancies in your investment properties. Tenant Source Ltd including its staff and directors accepts no responsibility for any issues arising as a result of taking advice from this publication.