Tips for Property Owners on Lease Renewal
Things to consider on your Lease Renewal
- If the lease is “Inside the Act” and you want to oppose it, act early and keep the pressure on.
- The Valuation Date for the rent in a ’54 Act renewal is always in the future (after the Court Date), so in a rising market a delay is in your favour and vice versa.
- If a tenant outstays their “Outside the Act” lease you can charge double rent.