sms Helpful and timely notifications
myRent keeps track of your tenancies, reminding you 35 days in advance of when the fixed term will expire. This is especially helpful if you’re managing multiple properties or you're busy and have many more important things to remember. When this happens, we will walk you through your options, including renewing the agreement, allowing the tenancy to go periodic, or serving notice. It is generally best practice to renew the agreement for another fixed term to ensure you and the tenant have certainty and security of tenure.
trending_up Thinking of increasing the rent?
Renewing is also a good opportunity to reassess the terms of the agreement including the rent. To help you with this process, myRent provides access to helpful information regarding current market trends, how you should set the rental rate, and tips about how to renegotiate with tenants.
timer Decision time
If you decide to renew, myRent makes it easy by reminding you to prepare a new tenancy agreement that takes effect after the current term expires. Sharing and e-signing through myRent makes renewals seamless. myRent also carries over all the existing documentation such as bond lodgement and property inspections reports to the renewed agreement.
myRent will also remind the tenant in advance about the expiry of the fixed term. This means that if they want to move out, they must follow the correct termination procedure and you will be notified as soon as possible so you can start searching for a new tenant.
If, however, you decide not to renew the agreement, myRent will guide you through the termination procedure to ensure you comply with the Residential Tenancies Act. You will generally need to provide 21 to 90 days notice to the tenant - myRent will remind you about these dates and guide you through the relevant forms.