It sounds like you are on a 'periodic lease', which means you and your lardlords can give two weeks (minimum) notice. Well, it might be longer in other states but I'm in QLD.
As for moving into a unit. I'd love to. Except we have a Labrador and we'd have to rehome her because she needs much more than a unit yard, which I don't know if I could do. Oh, plus my partner, who gets very irritated with neighbours and noise and pretty much any human behaviour outside of the house. (make that an EXAGERATED EYE ROLL!)
I'd love the opportunity to save money, or to buy as a stepping stone and keep as an investment when we decide to move on a buy a house.
A year ago, we moved from a 5 bedroom, two storey house (which was pretty big and had a reasonable sized yard) to a 3 bedroom apartment. It's not tiny, but obviously way smaller than the house!! I thought it would be really hard living in an apartment with 2 kids, but actually it's really good. We are lucky though that they still have plenty of room to play outside and we have two huge parks nearby too.
The big thing that I love is less cleaning. Seriously, vacuuming takes no time at all. Same with mopping. I love that!! We have next to no yard maintenance and we still have a yard and also a pool (which we also don't have to maintain). It's also secure, so we don't have to worry about being broken into, and I feel so much better here when I'm alone with the kids at night.
For us it has worked well. We found the right place I guess, but really, downsizing isn't that much of a problem. And if it's going to save you money so that you can get the place you really want sooner then what have you got to lose?
could i move into a 2 bed unit with 2 kids...hell no!! lol i enjoy having space around me!
if the house is causing u stress though i would move.
not an easy decision hun, best of luck making it
xxx
When we came back to Australia we had to give our tenants 60 days notice, because they were on a periodic lease (had not signed another 12 month lease after the original period) and the notice we had to give them was dictated by the tenancy board of Victoria. They could have left the lease with 2 weeks notice to us, but we had to give them more. It would have been even longer if we had not wanted to move back in ourselves. Your state's tenancy board will be able to tell you how much notice you will get.
As for moving from a large house to a small one, I have done it and it is not fantastic fun, but in the short term it is definitely do-able. Consider hiring a storage unit for your excess furniture and it will make the unit much more comfortable.
If you haven't signed a lease it actually works out better I think, as you will just be in a continuing lease agreement, therefore I believe they have to give you 60 days notice to vacate unless you are behind in rent etc. But check over your old lease......for that particular clause.....( the old lease still applies here)
We live in a three bedroom townhouse and we could definitely fit in a beautiful apartment with a pool. But dh and I need more space.... And he needs a yard for when I kick him out
(make that an EXAGERATED EYE ROLL!)
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