How to Break A Rental Lease [How can I get out of my lease early?]

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Today we show you how to break a rental lease early. You might be looking at buying a home, or just wanting to move into another rental property and if you have a lease this can be tough - unless you follow the steps in this video.

00:00 How to Break A Rental Lease [How can I get out of my lease early?]
00:42 How can I get out of my lease early?
00:59 How can I terminate my lease without penalty early?
01:35 How do I break my lease early?
02:02 Do I need to pay any costs when breaking my lease?
02:23 What are the actual costs of breaking a lease?
03:35 How do I reduce the costs of breaking a lease?
05:03 What are the steps for breaking my lease?

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Ending an agreement early (breaking a lease)
If a tenant or property manager/owner ends a fixed term agreement before the end date without grounds (i.e. without sufficient reason) they are breaking the agreement. This is also known as breaking the lease.

A tenancy agreement is a legally binding agreement. If it is broken, compensation will probably need to be paid.

Compensation
Money may be owed to the property manager/owner as a result of breaking the lease. This is considered compensation.

Example: the loss of rent until the property is re-let or until the end of the tenancy agreement.

The tenant may also have to pay reasonable re-letting and advertising costs.

Any compensation, or payment options for the amount, should be discussed between the tenant and the property manager/owner (this could include how the bond is to be paid out).

The property manager/owner must mitigate any loss associated with breaking the lease.

Excessive hardship
If the tenant or property manager/owner is experiencing excessive hardship (e.g. serious financial or health issues) they may make an urgent application to QCAT for an order terminating the agreement. However, QCAT may also order compensation to be paid even if the agreement is terminated.

DISCLAIMER:
This video offers no Legal, Financial and Taxation advice, and the information contained is general and does not take into account your personal situation. The Listener acknowledges, consents and agrees to the viewing of the content presented on the Channel is subject to the full Disclaimer (below) and agrees to be unconditionally bound by this Disclaimer.

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