thread: Change of agent mid lease - what happens to bond?

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  1. #1
    Registered User

    Jan 2009
    807

    Just because she's selling with a new agent doesn't mean your lease has to go to the new agent too. To change a lease to a new agency you would have to sign a whole new one, which would mean getting your bond back from the old agency and paying it again with a new lease. You can sell with one agent and lease thru another, I've done it as a landlord before.

  2. #2
    Registered User
    Add ~clover~ on Facebook

    Sep 2007
    travelling
    9,557

    It doesn't make any difference to you or your bond
    Had this happen a few years ago & had our current RE bought out by another company.
    If there are any changes you'll be notified in writing, but thats more in regards to any changes to where your rent payments would be made.

  3. #3
    Registered User
    Add Ms_Fi on Facebook

    May 2009
    Hunter Valley, NSW
    229

    Thanks for your reply.

    The email I got this afternoon says "Please be advised that (Agent A) are no longer Managing Agents for the above premises. (Agent B) have been appointed as the new Managing Agent by the owner.

    Please do not pay any more rent to our office. All future payments should be forwarded to (Agent B) by payment method as they will advise you. "

    We're not actually in a lease period at the moment - it expired in November - and I'm really confused by it all.

  4. #4
    Registered User
    Add ~clover~ on Facebook

    Sep 2007
    travelling
    9,557

    Thats all you need to worry about then. Some agents will do things differently, like inspections (some every 3 months like clock work, others not so much), but be assured that anything there is to worry about will be forwarded to you in some way.
    I've changed the accounts my rent payments go to & thats it. I've not been under a lease agreement since December 09.

  5. #5
    Registered User
    Add Ms_Fi on Facebook

    May 2009
    Hunter Valley, NSW
    229

    Thanks Just need to find somewhere else to live now! It's a relief that I don't have to find the money for another bond while trying to get the bond money together for a new property.

  6. #6
    Registered User

    Jan 2009
    5,235

    Factsheet 03: Bond (Tenants NSW)

    Here's some info about bonds and tenants in NSW - it is deposited with fair trading. Have a read, it should answer your questions.