Im in QLD, so not sure how exactly the laws are different. But when I broke a lease start of last year it cost me, a 'lease break fee' - worth 1 weeks rent plus 10%, a 're-listing fee' for them to advertise the house again, and cover costs of them signing a new person. I also had to continue to pay rent until a new tenant moved in. All up, breaking the lease cost me nearly $2000.
We told the agency when we wanted to move out, and the reason why. We were charged a lease breaking fee, and advertising fee and paid rent till our move out date (or till they get a tenant to move in).
Rentals are generally sought after especially in some VIC towns, so getting a new tenant shouldn't be hard. And if you let them know now for September, they have ample time to start advertising and sourcing possible tenants.
Best piece of advice I can offer, for a smooth lease breaking, is to be very accomodating with the RE agent. If they want 3 open houses to show the place off, do it. The more people who apply, the happier the house owner is, agent is, and ultimately it costs you less, as you have someone tee'd up to move in straight after you leave.
You are expected to pay to readvertise ( usually one weeks rent) and the lease fee for the new tenant ($15) AND RENT UNTIL THEY FIND A NEW TENANT.
They cannot legally charge you anymore and if you have a good agent or landlord chances are they wont charge you at all the extras....
Our landlord just asked us to pay rent until they found a tenant. The tenant ended up moving in the day after I moved out so it all worked out well
Also So you arent liable for septembers rent etc give them notice now. You can give 60 days notice i think to break a lease anyway therefore you wont be liable to any charges if you give enough notice.....
We did it when we bought our house, we'd only been in the rental about 4 months of a 12 month lease.
We had a pay a lease breaking fee and the advertising for the house to be released, and pay rent until the house was occupied again. thankfully it was let pretty quickly.
real estate had no issues with it, i'd say its a regular occurance.
Conratulations btw
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