Can I terminate my fixed term agreement early?
(updated on Wednesday, March 19th 2008)
Our Experts Answer:
A fixed-term tenancy agreement can only be terminated or varied with the consent of all parties. If you wish to be removed from the agreement, then you will need the consent of the landlord, and any other tenants who are named on the agreement. If the entire tenancy agreement is to be terminated, or if you are going to be removed from the tenancy agreement with other tenants remaining, then the terms of this arrangement will need to be negotiated between the tenant(s) and the landlord. If the tenancy agreement is to be varied by ‘assigning‘ your interest in the tenancy to someone else (i.e. another person replaces you on the tenancy agreement), then the landlord may require you to pay reasonable expenses incurred by them in allowing this assignment. If other tenants are named on the agreement, then their consent will also be required. I would recommend that you document in writing the details of any agreement reached between you and the landlord (and other tenants if necessary), and have it signed by all parties.
The Department of Building and Housing provides information and guidance on building law and compliance, services including weathertight homes, and advice for tenants and landlords.
|Heartland Bank - Online||1.99|
|The Co-operative Bank - First Home Special||2.09|
|Kainga Ora - First Home Buyer Special||2.25|
|The Co-operative Bank - Owner Occ||2.29|
|SBS Bank Special||2.29|
|Heartland Bank - Online||2.35|
|SBS Bank Special||2.49|
|The Co-operative Bank - Owner Occ||2.59|
|BNZ - Classic||2.59|
|China Construction Bank Special||2.65|
|China Construction Bank Special||2.99|
|BNZ - Classic||2.99|
|SBS Bank Special||3.19|
|The Co-operative Bank - Owner Occ||3.19|
|Heartland Bank - Online||2.50|
|Kiwibank - Offset||3.40|
|Select Home Loans||3.49|
|The Co-operative Bank - Standard||4.40|
|The Co-operative Bank - Owner Occ||4.40|