A lot of applicants don't seem to know about the optional Break Lease clause brought in last year. This allows tenants to break a long lease (less than 3 years) paying rent of only 6 weeks if been in less than 6 months, or 4 weeks rent if in the property for more than 6 months. Obviously this makes taking out a long lease much safer for the tenant.
The clause is officially optional, but because it so clearly benefits the new tenant Ray White Beecroft includes it as standard in our Lease agreements. It helps the owner too, because it gives new tenants courage to sign up for long leases even when their future is not completely clear.
Of course signing up for even a six month lease says nothing about how long the tenant will stay in residence, we have several tenants who have been in a property on a 'continuing lease' for over ten years after signing a six month rental agreement.
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