Thursday, June 19, 2014

Tenant rollover

Due to extenuating personal circumstances, I allowed a tenant to break a lease early. I was very pleased to find a new tenant for the same rental within less than a week of putting the property on the market. As a result, I am only out of pocket the cost of cleaning the unit and a half share of the stamp duty on the new lease (which I could have deducted from the tenant's deposit but decided not to).

Makes me wonder whether all the claims of falling rental levels are all that reliable or whether I am under renting the unit?

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