Topic: Do we have to sign a fixed term lease?

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21/04/2011 at 11:04 am #7338 Reply | Quote
Anonymous
Our lease expires at the end of this month. Our property manager has sent notice of a rental increase and requested that we sign a new lease about 3 months ago. My wife and I are keen to buy a property and thus don't wish to sign a new fixed term lease (with special conditions – penalties & break fees for terminating early). We explained this and are happy to pay the rent increase on a month-to-month lease. However, our property manager is unhappy with this and has sent a second notice of an additional rent increase (with only 30 days notice).

Our preference is to pay the increase but not sign a new lease. Our concern though is that the property manager may send a notice to vacate before the end of the lease. Any advice?
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Reply To: Do we have to sign a fixed term lease?

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