Hi,
I'm not sure what my rights are. I'm a landlord of an apartment with a lease in place as follows:
Tenant 1 has written to "terminate" her tenancy in one month and is asking about her deposit.
The law seems unclear here. Is it Tenant 2's responsibility to find a replacement? I understand that would be the case of she assigns. Is it correct that if she assigns, then the new tenant starts a new part iv cycle. In which case, can I increase the rent for that tenant to market?
If I do this, does the 2 year clock start ticking for that person and then I can review the rent for existing Tenant 2 in January 2017. This seems messy - to have two tenancies in one apartment..I'd rather one lease.
I'm not sure what my rights are. I'm a landlord of an apartment with a lease in place as follows:
- dated May 2015
- 8 month lease with 6 month break clause
- two tenants
- one rent amount
- Tenant 1 is on her second part iv
- Tenant 2 moved in May 2015 and is on her first part iv
Tenant 1 has written to "terminate" her tenancy in one month and is asking about her deposit.
The law seems unclear here. Is it Tenant 2's responsibility to find a replacement? I understand that would be the case of she assigns. Is it correct that if she assigns, then the new tenant starts a new part iv cycle. In which case, can I increase the rent for that tenant to market?
If I do this, does the 2 year clock start ticking for that person and then I can review the rent for existing Tenant 2 in January 2017. This seems messy - to have two tenancies in one apartment..I'd rather one lease.