Ending a Periodic Agreement Nsw

2023. August 19.

Are you currently bound by a periodic agreement in NSW, but looking to end the arrangement? It`s important to understand your rights and obligations when it comes to terminating a periodic agreement.

Firstly, it`s important to note that a periodic agreement is an agreement between a landlord and tenant that continues on a rolling basis, typically on a weekly or monthly basis. Unlike a fixed-term agreement, there is no set end date for a periodic agreement, making it a more flexible option for both parties.

When it comes to ending a periodic agreement in NSW, there are a few things to keep in mind:

1. Notice period: As a tenant, you must provide your landlord with written notice of your intention to vacate the property. The notice period is typically 21 days, although this may vary depending on the terms of your agreement.

2. Condition of the property: Before vacating the property, it`s important to ensure that it is in the same condition as when you moved in. This includes cleaning the property thoroughly and repairing any damage caused during your tenancy.

3. Final inspection: Once you have vacated the property, your landlord will conduct a final inspection to ensure that it is in an acceptable condition. If any damage is found, your landlord may deduct the cost of repairs from your bond.

4. Return of bond: Your bond (typically equivalent to 4 weeks rent) will be returned to you once the property has been inspected and any necessary repairs have been made.

It`s important to note that there may be additional obligations or requirements depending on the terms of your agreement. For example, your agreement may require you to give a longer notice period or may specify certain cleaning or maintenance requirements.

If you have any questions or concerns about ending your periodic agreement in NSW, it`s a good idea to seek advice from a legal professional. With the right information and support, you can ensure a smooth and stress-free transition out of your tenancy.

Newsletter ×