Loading
JulianKent Development Stratagem LTD
  • Home
  • About
    • Our Mission
    • Why Choose JKDS
    • Feedback
  • Stratagem
  • Brokerage
  • Property Management
  • Contact
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu
  • Link to WhatsApp
  • Link to Facebook

Australia’s ‘most important parcel’ leaves farmers in limbo

important grassland habitat is being bulldozed. Picture: Google Earth

Tension is brewing in an unexpected Australian town between farmers, desperate to offload their land, and the protection of a critically endangered earless lizard.

Dubbed the country’s “most important parcel”, the area west of Melbourne has become a centre of hot debate between the government and land owners.

According to the Department of Sustainability and Environment, the lizard can also be found in the basalt plains north of Melbourne, Geelong and in central Victoria.

It might seem like a broad area, however this one parcel sits right in the middle of a landscape that was earmarked for development 20 years ago – and is the habitat of some of the few remaining lizards in the country.

Reptile ecologist Peter Robertson and a member of the Victorian Grassland Earless Dragon Recovery Team, said the property where the dragons live is not yet in public hands.

“It’s only three paddocks that the whole world population is now known from, and there’s every chance that it will never be found anywhere else,” he told Yahoo News.

“It may persist in little populations elsewhere, but we don’t know.”

MORE: Buyers eyeing forgotten Melb Woolies store

Revealed $40k+ Aussie mortgage mistake

Savvy way single mums became investors

Victorian Grassland Earless Dragon (tympanocryptis pinguicolla) Picture: Rory Keenan/Zoos Victoria

According to Yahoo News, the farm where the dragon was recovered is potentially worth tens of millions of dollars.

Scientists are concerned the government has not made an offer to buy the property, putting its owners and the future of the dragons in limbo.

Mr Robertson told the publication that conserving the site needed to be the “number one” priority of the government if it wanted to stop its extinction.

“When we can see what’s clearly required, and nothing’s happening, and nothing’s happened for more than two years since the rediscovery. It is really frustrating,” he said.

“This might be the one chance we have to save this species. If we don’t secure that habitat it may go back to apparent extinction, just like we assumed for decades.”

Back in 2010, the Victorian government committed to purchasing 15,000ha of private land over a decade to create the Western Grassland Reserve.

The agreement was made as part of a deal called the Melbourne Strategic Assessment (MSA) that allowed the state to take charge of the development in sensitive areas.

For about 15 years, the MSA has not been updated to include the rediscovery site.

The Biodiversity Council, an independent biodiversity expert group founded by 11 Australian universities, said it’s “disappointed” that potentially valuable dragon habitat has been neglected and allowed to degrade over the past 15 years due to the Victorian government’s lack to acquire it.

A map showing the habitat distribution model for the Victorian Grassland Earless Dragon.

important grassland habitat is being bulldozed. Picture: Google Earth

Biodiversity Council spokesperson Ms Janna Dielenberg told Yahoo News that was in “great healthy condition” is now overrun with weeds, used for dumping soil, or transformed from sheep grazing to crops, making it no longer suitable for dragons.

“Sheep farming has become less profitable over that time. And when they plough it all up for crops it rips up their burrows, and destroys the grasslands forever,” she said.

Victoria’s department of environment (DEECA) said in a statement to Yahoo News it is “protecting” native grassland habitats by continuing to acquire and rehabilitate land.

“This is funded by the MSA levy which is paid by developers and therefore proceeds in line with the rate of development in the area,” it said.

“We are working with the private landholder and other stakeholders on ways to protect the dragon rediscovery site, as well as delivering a successful conservation breeding program for the Victorian grassland earless dragon with the Commonwealth Government.”

Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.

MORE: $2.3m Melb pad offers Porsche perk

Ex-Tiger star eyeing $5m+ deal

Shock twist in Australia’s property market

The post Australia’s ‘most important parcel’ leaves farmers in limbo appeared first on realestate.com.au.

June 17, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-06-17 12:00:042025-06-17 12:00:04Australia’s ‘most important parcel’ leaves farmers in limbo

How Melbourne renters will live like millionaires inside $1bn tower

Inside the sky-high lifestyle Melburnians will be renting instead of buying, with rooftop views, fireplaces, and no mortgage required.

A record-breaking new skyscraper in the heart of Melbourne is flipping the great Australian dream on its head, offering renters rooftop bars, private cinemas, co-working suites, pet spas and even a bowling alley.

But while the 45-storey West Tower will deliver a lifestyle most buyers can only dream of, it’s part of a growing shift in Melbourne’s housing market, one that could see more people choosing not to own at all.

Set to welcome its first residents in early 2026, the $1bn build-to-rent development is now the largest single build-to-rent tower in the country, with 797 apartments exclusively for lease, not sale.

RELATED: $2.3m Melb pad offers Porsche perk

Reno transforms cottage into masterpiece

What sold this hero cop’s family home


Located at 899 Collins St, Docklands, the Lendlease and Daiwa House project will feature a concierge, 25-metre lap pool, cinema, rooftop gardens and sweeping bay and city views, all within walking distance of the CBD.

Daiwa House Australia chief executive Koji Morishige said the project aimed to raise the bar for rental housing.

“Everyone deserves a place they can call home, with everything a home can and should offer,” Mr Morishige said.

Lendlease Development chief executive Tom Mackellar said long-term BTR developments like West Tower were not just lifestyle-driven, they were also about meeting demand.

The hotel-style lobby at West Tower sets the tone for renters trading cramped sharehouses for a life of curated luxury.

“Long-term rentals provide much-needed housing supply and diversity,” Mr Mackellar said.

“They give people more choice at different stages of life.”

The announcement comes amid renewed debate over the future of housing in Victoria, where house prices and rental costs remain near record highs.

While some see institutional landlords as a threat to affordability, others argue they could offer much-needed consistency and quality in a system currently dominated by mum-and-dad investors.

Jacob Caine from Caine Real Estate, REIV President - for herald sun real estate

REIV interim president Jacob Caine said build-to-rent will play a major role in Melbourne’s housing future by boosting supply and choice.

Interim REIV president Jacob Caine said large-scale build-to-rent projects would become a bigger part of Melbourne’s housing mix, especially as traditional rental stock came under pressure.

“Build-to-rent is going to play a major role in Melbourne’s housing future, and the announcement of a project of this scale is a huge vote of confidence in that model,” Mr Caine said.

“We need more homes of all kinds, whether that’s rentals, first-home buyer listings, family homes, or downsizer-friendly options.

“Build-to-rent is one piece of the puzzle, but it’s an increasingly important one.”

Stylish lounge spaces and jaw-dropping city views form part of the exclusive amenities available to West Tower residents.

Mr Caine said the growth of build-to-rent could help relieve pressure on renters by adding more listings to the market and offering longer leases with clearer standards of management.

“The more choice there is in the market, the more pressure we can take off prices and the greater the opportunity for Victorians to find housing that suits their needs,” he said.

Rental Long Lines

Australia’s rental crisis has pushed prices to record highs, forcing tenants to compromise on quality, location, and lease security. Picture: Sam Ruttyn

West Tower is part of a broader pipeline of 2800 apartments being developed by Lendlease across Melbourne and Brisbane.

Its location within the Melbourne Quarter precinct means residents will also have direct access to the recently opened Quarterhouse pub and rooftop bar, and elevated green space via the city’s first “Sky Park”.

And while it won’t solve the housing crisis alone, industry leaders believe it’s a glimpse into how future generations will live, with luxury amenities and no mortgage.


Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.

MORE: Melb buyers heat up market in cold snap

Why these iconic Vic pubs are up for sale

How this Rowville home made $200k extra

david.bonaddio@news.com.au

The post How Melbourne renters will live like millionaires inside $1bn tower appeared first on realestate.com.au.

June 17, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-06-17 12:00:042025-06-17 12:00:04How Melbourne renters will live like millionaires inside $1bn tower

State introduces 2% low-deposit loan for home hunters keen to build

A new, low-deposit loan is making it easier than ever to build a home. 

A new loan product for modular builds in WA requires just a 2% deposit. Image: Getty

As part of Western Australia’s state budget, which lands on 19 June, the state has announced a suite of new ways to help residents get on the housing ladder. 

A new, low-deposit loan that has just launched for Western Australians who are open to building could shake-up construction within the state – and deliver a big boost to one segment in particular. 

The new loan product, which requires just a 2% deposit, is for modular homes being built in WA.

Breaking down the barriers for modular building

A modular home – or prefabricated home – is one in which the majority of construction happens off-site, with the elements of the home fabricated in a factory. They are then transported to site for the final assembly and finishes. 

While an appealing option due to the speed at which modular homes can be constructed – the time saved amounted to as much as 23% according to one Mirvac study – they have historically been difficult to fund.

Most construction loans only deliver progress payments when certain milestones are achieved on-site. Without access to those payments, buyers are left having to stump up most of the cost of construction themselves.

Western Australia’s new loan product, which will be administered through the Keystart government enterprise, takes this into consideration, providing up to four progress payments to builders elements are completed off-site. 

In modular construction, most of the home is constructed off-site. Image: Getty

It also takes into consideration how challenging it can be to find the funds to build a home while paying for existing housing costs. Under WA’s model, buyers will pay construction payments of just $400 per month throughout the complete period of the build.

It will be one of only a few products on the market to cater to building a modular home. Earlier this year, the Commonwealth Bank made changes to its construction loan product to help buyers in the prefab market access progress payments when building. 

To access WA’s loan, buyers must choose from a pre-approved prefab builder.

Mark Tomasz, Keystart CEO commented that the new product was intended to make modular housing a better and more accessible for Western Australians. 

Real Estate Institute of Western Australia president Suzanne Brown praised the move, noting that “innovative solutions are needed to help build affordable new homes”. 

“Modular homes can be more affordable and built more quickly than a traditional build,” she said. 

Ms Brown also noted this loan could be particularly attractive to buyers in regional areas, where it can be harder to find tradespeople for building and costs have risen significantly in recent years. 

Helping homebuyers purchase off-the-plan

Home building has been further incentivised in WA’s new state budget with a shared-equity model for off-the-plan homes. 

Under the $210 million investment, 1,000 shared equity loans will be available, with the State Government purchasing an equity share of up to 35 per cent of the home’s value, or a maximum of $250,000.  

The loan will only be available for purchases of new or under-construction apartments or townhomes. This program is expected to launch in September. 

Are you interested in building? Check out our dedicated New Homes section.

The post State introduces 2% low-deposit loan for home hunters keen to build appeared first on realestate.com.au.

June 17, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-06-17 12:00:042025-06-17 12:00:04State introduces 2% low-deposit loan for home hunters keen to build

How this award-winning tool helps Aussies plan their dream homes

Building a new home is one of the biggest projects many Australians will undertake in their lives, but an award-winning tool is making it easier for people to design their dream home.  

Dreamcatcher is a free online design tool by Stockland which allows users to browse and pin home design images to a virtual styleboard from approved builders and style gurus.  

It’s been a hugely popular tool, with more than 54,000 visitors flocking to it in the first 12 months. 


And it’s been recognised for its innovative approach to helping homebuyers, after winning the Game Changer of the Year award at the REA Excellence Awards last year.  

“Buying a home can be daunting, and for many, the start of the process is the most overwhelming,” said Cherie McMahon, head of development, marketing and customer at Stockland.  

“Dreamcatcher is a home visualisation tool, capturing people early in the dreaming phase. 

“As users browse home inspiration, the platform builds a custom mood board and style DNA profile, connecting them with real life homes they love.” 

Home buyers can pin home designs to build virtual styleboards. Picture: Getty

The accolade recognises ideas which disrupt the status quo to solve market challenges and deliver real value, with Dreamcatcher fitting the brief. 

It comes as Australians remain obsessed with all things housing, with about two million searches on ‘home improvement’ every month, according to Roy Morgan.  

But with the home-buying journey averaging about two years in Australia, it can become an intimidating task for many.  

With this in mind, the team at Stockland set out to find ways to make the process easier, kicking off the idea to create Dreamcatcher.  

Homebuyers face many decisions when it comes to planning to build a home. Picture: Getty

The tool has helped Stockland too, resulting in greater customer engagement and brand awareness. 

It has helped the property company learn what home buyers want through data insights, supercharging their understanding of their customers.  

In addition to creating personalised styleboards, users can take virtual tours of their favourite homes and connect directly with virtual display villages.  

Looking to the future, the Stockland team sees opportunities to take the platform to the next level.

“As our data and insights evolve, so too will the Dreamcatcher platform and we look forward to helping more Australians find their dream home,” Ms McMahon said.  

“Combined with our purpose – a better way to live – Dreamcatcher supports buyer confidence and keeps the great Australian dream alive, while driving innovation across Stockland’s housing continuum.”  

The post How this award-winning tool helps Aussies plan their dream homes appeared first on realestate.com.au.

June 17, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-06-17 12:00:042025-06-17 12:00:04How this award-winning tool helps Aussies plan their dream homes

Point Piper mansion sells for $55m, equal top Sydney home sale of 2025

69 Wolseley Rd, Point Piper has sold for $55m.

A Point Piper mansion has sold for $55m, equalling the record for the highest priced property sold so far this year.

The most recent deal was for the home of Retail Apparel Group co-founder Stephen Liebowitz and his wife, Pam, via Ray White Double Bay’s Adam Reichman and Elliott Placks, in conjunction with Michael Pallier of Sotheby’s.

The four-bedroom Wolseley Rd residence is still listed as for sale on realestate.com.au, though sources say the hush-hush deal was finalised on Friday night to a Sydney buyer.

The property was first listed in February 2024 with ambitious $65m price hopes, but, like the other $55m sale this February, the vendors had to lower their expectations to get the deal done.

MORE:

Billionaire chicken heiresses record-breaking sale

Iconic views.

Beautiful interiors.

What an outlook!

For that sale, 12 Dumaresq Rd, Rose Bay, vendors recycled shopping bag tycoon Frank Qiang Gengh and his wife Juanjuan Zhao had to accept a $20m price cut.

Agents Brad Pillinger of Pillinger and Michael Pallier of Sotheby’s had initially listed that residence for $75m the previous June, though the $55m was still sufficient to nab the Rose Bay house price record.

The property was the top sale in the first quarter, as revealed by The Dyson Austen Top 10 Prestige Residential Survey.

The buyer was media baron Linge Dai.

No word yet on the buyer in Wolseley Rd, Point Piper.

At the time it was listed for the Wentworth Courier House of the Week, Reichman had described the Leslie Wilkinson-designed property known as Vaynol as having everything a Point Piper buyer would want.

Everyone loves a level lawn.

A chef’s paradise.

Full of natural light.


“This property showcases all of Sydney’s best icons in full view and offers an absolutely unmatched lifestyle,” he told Kirsten Craze.

“Created by Wilkinson, one of Australia’s most well-known architects, and updated by Michael Suttor, the whole home is extraordinary with three unbelievably sized bedrooms all on the one level.”

The period property has been tightly held since the Liebowitzs bought it for $12m in 2004 from James Packer’s right-hand man, Ben Tilley.

The Liebowitzs have moved to Double Bay, having paid $24.9m for an off-the-plan penthouse in the luxury Ode building.

Records show the heritage-listed Wolseley Rd residence was created in 1955 for WWI hero Colonel Leslie James Morehead for a cost of £15,555.

The post Point Piper mansion sells for $55m, equal top Sydney home sale of 2025 appeared first on realestate.com.au.

June 17, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-06-17 12:00:042025-06-17 12:00:04Point Piper mansion sells for $55m, equal top Sydney home sale of 2025

State of Origin: growing number of Queensland residents have NSW landlord

State of Origin

Liam Martin and Hudson Young after winning game 1 of the 2025 State of Origin. Picture: Adam Head

Queensland Origin supporters might be advised to rein in their celebrations if their team is victorious in this year’s NRL showpiece.

New figures reveal NSW residents have acquired an unexpected source of leverage over their Queensland counterparts, one that could inflict a surprising amount of economic pain.

The Westpac research indicated that if you live in Queensland there’s a good chance you have a NSW landlord.

NSW investors are already ahead on the scoreboard when it comes to property in the Sunshine State.

Westpac lending data showed nearly a quarter of investment properties in Queensland are being purchased by residents of NSW.

Women's State Of Origin - NSW v QLD: Game 3

The number of former NSW residents living in Queensland has been growing. Picture: Scott Gardiner

The rivalry isn’t mutual. Just one per cent of NSW investment properties are being bought by Queenslanders, with much of that interest concentrated in a single market: Bondi.

There’s another trend giving NSW an edge: Origin games in Queensland have historically been very difficult for NSW to win given the overwhelming home crowd advantage in Suncorp Stadium, among other things.

That’s changing. ABS figures indicate southeast Queensland has been the favoured target for Sydneysiders wanting a more affordable lifestyle.

Brisbane, Gold Coast and Sunshine Coast all abound with newly settled former Sydneysiders whose allegiances likely remain with The Blues.

Sydney accounts for 67 per cent of all outbound capital city migration across the country, with southeast Queensland the overwhelming favourite for the nearly 320 Sydneysiders leaving per day.

Auction

NSW home buyers and investors are highly active in the Queensland market. Picture: Annette Dew

Westpac director of mortgages James Hutton said Queensland homes and the state housing market were being increasingly dominated by NSW property buyers, particularly investors.

This meant cashed up NSW investors – often on higher salaries – competing with local home buyers and becoming landlords in Queensland.

“While the Maroons and Blues battle it out on the field, NSW investors are making their move on the Queensland property market,” Mr Hutton said.

“It’s a strategic move for savvy NSW investors. Queensland offers strong rental yields and relative affordability — fuelling a consistent flow of NSW residents purchasing investment properties in the state over the past two years.”

With infrastructure projects booming and population growth on the rise, Queensland is proving to be more than just a holiday destination — it’s a serious investment hot spot.


NSW investors are also showing a strong preference for regional Queensland, with Mackay and Gladstone leading the charge, followed closely by Ipswich, west of Brisbane.

“The popularity of regional centres like Mackay and Gladstone reflects their affordability and strong rental yields,” Mr Hutton said.

“NSW buyers are playing both sides of the field – investing in Queensland while holding firm at home.”

Westpac senior economist Matt Hassan said the NSW surge into Queensland followed a rise in investor activity nationally.

“Nationally, investors accounted for more than a third of new loans during the past year, compared to about a quarter during Covid,” he said.

“Many are moving ahead on plans previously on hold due to cost of living constraints, with lower interest rates and the prospect of more rate cuts an added drawcard.”

Mr Hassan said NSW investors were branching out to new Queensland destinations.

“Investor interest in Queensland is shifting,” he said. “While the Gold and Sunshine Coasts remain popular, Mackay, Gladstone, Toowoomba and Townsville have all seen a surge in interest, and some of the strongest price growth nationally over the past year.

“Low vacancies and solid rental yields are clearly part of the appeal of these regional hubs.”

The post State of Origin: growing number of Queensland residents have NSW landlord appeared first on realestate.com.au.

June 17, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-06-17 12:00:032025-06-17 12:00:03State of Origin: growing number of Queensland residents have NSW landlord

Lowes heir Josh Penn and Ben Palmer’s Point Piper home sells

4 Wyuna Rd, Point Piper has sold for $23.5m.

Lowes heir Josh Penn and his husband Ben Palmer have sold their Wyuna Rd, Point Piper mansion for $23.5m.

The couple, with son Brooklyn, 6, and daughter Blake, 4, are now understood to be focusing on renovating the Penn family’s palace at Cap ‘d’ail in the south of France, where they’re intending on spending some time next year.

And they’re also now debating whether to move to their former Double Bay home, now rebuilt, or to another eastern suburbs mansion they’ve apparently purchased, that’s “quite substantial”.

MORE:

Hush-hush sale hits 2025 record

Ben Palmer and Joshua Penn. Instagram

The Wyuna Rd home has harbour views.

MORE:Billionaire chicken heiress’s record-breaking sale

Penn and Palmer are listed as co-owners on the land title for Capri, the Edwardian residence at 4 Wyuna Rd bought for $16m in 2021, alongside Penn’s parents David and Linda Penn who have 70 per cent ownership.

But it’s now sold via Monika Tu and Jad Khattar of Black Diamonz, with Tom Penfold of Cohen Handler known to have introduced the buyer.

There’d initially been hopes of $28m.

Penn and Palmer had been living in Capri during the three-year rebuild of their own home at 7 Carlotta Rd, Double Bay, bought for $6.7m in 2020, which is apparently “incredible” and nearly ready to move into.

The couple landscaped the 723sqm block and added lighting.

Their good taste in furniture helped give the home some extra zing.

No clue yet as to the location of this other “quite substantial” property, which is yet to settle.

The Wyuna Rd residence was previously owned by nursing-home scion Mark Moran and his interior decorator wife Evette.

The historic home on a 723sqm block had harbour views, an internal lift, multiple balconies, manicured grounds and a pool.

Penn and Palmer had initially intended to do major renovations, but ended up doing just landscaping the garden and adding lighting.

Their good taste in furniture helped give the home extra zing.

Josh Penn and mother Linda, the highly regarded philanthropist and CEO of Lowes Menswear that’s worth $800m, recently raised a whopping $84.3m at the recent Gold Dinner for the Sydney Children’s Hospital foundation.

The post Lowes heir Josh Penn and Ben Palmer’s Point Piper home sells appeared first on realestate.com.au.

June 17, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-06-17 12:00:032025-06-17 12:00:03Lowes heir Josh Penn and Ben Palmer’s Point Piper home sells

The good, the bad, the ugly: What to know before you buy an Airbnb

Trainer and author Bernice Ross helps you ask yourself the right questions and make the right decisions before you go all-in on the short-term rental investment market.

June 17, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-06-17 00:02:402025-06-17 00:02:40The good, the bad, the ugly: What to know before you buy an Airbnb

7 real estate problems agents face — and how to crush them like a pro

When you hit a bump in the road in your real estate career, you’ll know how to handle it and push through with these tips from coach Darryl Davis.

June 17, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-06-17 00:02:402025-06-17 00:02:407 real estate problems agents face — and how to crush them like a pro

How to break the lease for your NYC rental apartment

When you sign a lease for a New York City rental apartment, it’s essential to understand that you are signing a binding contract. That means you are on the hook for the entire lease term, which typically spans 12 months but can be as long as three years. 

If you need to leave your apartment before the end of the lease, you risk losing your security deposit or, even worse, having to pay the rent each month until a new tenant is found.

The reassuring news is that New York landlords have a duty to mitigate damages. As such, they must do everything possible to find another tenant at the same rent or at the current market rent, whichever is lower. Alternatively, they can opt to increase the rent in a highly competitive market (such as the existing one), thereby letting you—the original tenant—off the hook.


[Editor’s note: A previous version of this story ran in August 2024. We are presenting it again with updated information for June 2025.]


This law is intended to level the playing field between renters and landlords, equally motivating both parties to find a new tenant who meets the building’s income requirements and can take over the apartment’s lease.

How to break your lease

Despite some challenges, there are ways to make the process work in your favor. Here are some options to stay on the right side of the law and avoid paying more than necessary.

1) Put it in writing—and find out your options  

As soon as you decide to leave before the end of your lease, notify your landlord or management company in writing. A letter sent by registered mail is the typical method; however, your lease should provide specific instructions on communication. (Don’t assume an email suffices.) In the termination letter, you’ll want to explain your situation. Be upfront and transparent, and ask about your options. 

“Some landlords will act reasonably, so always approach them first. They may ask you to find a replacement or to give them regular access to the apartment so they can show it to prospective tenants themselves,” said Sam Himmelstein, a longtime tenant rights attorney at Manhattan law firm Himmelstein, Gribben & Joseph (now retired).

Given the frequency of lease breaks, many larger landlords have established general rules and procedures, while smaller, independent landlords tend to respond more on a case-by-case basis. 

“Big landlords all have a process because they’ve been asked to do it a thousand times,” said Phil Horigan, founder of Leasebreak, a free listing site for short-term rentals and lease breaks. “They’ll say, ‘sure, we allow it. And there’s a very specific way to do it.'” 

Know that “allow” does not mean “don’t worry about the rent you’re contractually obligated to pay.” As long as there’s no lost rent, you may be fine, said Rory Bolger, a broker at Brown Harris Stevens. For instance, a larger landlord may have another renter who needs to relocate.

Other landlords might let you out with a fee, while some management companies will let you break the lease penalty-free if you move into another building in their network.

The goal is to get your landlord to sign a “surrender of lease” agreement that contains language legally releasing you from the contract.

Pro Tip
Pro Tip:

Breaking your lease can save you a lot of money, and you may want to enlist professional help to make sure you do it the most effective and safest way. The expert tenant lawyers at Outerbridge Law P.C. are an affordable way to protect yourself and get the outcome you deserve. To contact Outerbridge Law P.C. directly, call 212-364-5612 or 877-OUTERBRIDGE, or schedule a meeting today. And be sure to mention Brick Underground sent you!

2) Find another tenant to take on the lease

Even if you know someone who wants to move into your place, you’re not in the clear just yet.

Most landlords want to approve new tenants, holding them to the same financial criteria and other screening processes you faced when signing the lease. These requirements typically include earning an annual salary of 40 times the monthly rent, a clean credit history, and proof of employment. 

A landlord can withhold consent if they provide a valid reason for the refusal, which might be related to the new tenant’s financial history or how the apartment will be used—for example, as a therapist’s office. 

The Met Council on Housing, a NYC tenant’s rights organization, has a guide to what constitutes a reasonable or unreasonable refusal. Their site also outlines your right to suggest another qualified tenant to take your place if you intend to leave your apartment permanently, a process known as an assignment.

In this arrangement, the landlord can agree to assign the lease to the new tenant and then release you from your responsibilities. Once you submit the qualified replacement, the landlord must act within 30 days—and provide a reasonable explanation if they turn down a proposed tenant.

Under NYC housing law, you have a similar right to request to sublet your apartment if you live in a building with at least four units. Again, the landlord is required to respond to your request within 30 days—or 30 days of receiving any additional information the landlord has requested; a failure to do is considered consent by default. 

With a sublet, however, you are still responsible for all the lease obligations, including the rent, according to Himmelstein.

“And if the landlord reasonably refuses to consent to the assignment—and it is often unclear what that looks like—the tenant cannot proceed with the assignment. If the landlord unreasonably refuses to consent to the sublet, then you can proceed with the subletting, but the landlord might challenge it in court,” Himmelstein added.

Horigan cited another hiccup with these consent scenarios: the 30-day timeframe is impractical in a competitive rental market.

“There are few—if any—renters that can wait 30 days for a landlord to make a decision,” he said. If you don’t receive a response, he recommends following up with the property owner or leasing agent and attempting to work directly with them to achieve the desired outcome.

One final caveat: The right to assign your lease doesn’t apply if you rent in a co-op or condo building, where you typically rent from an individual owner who is not considered a landlord under NYC law. What’s more, every board has its own rules—including refusing to let an owner re-rent to a new tenant for a lease that’s shorter than 12 months, or allowing only one tenant per 12-month period. Read: “My co-op board falsely accused me of illegally subletting my unit. What should I do?” for a first-hand account of what you could face if you go this route.

3) Avoid breaking your lease in winter, if possible

The slowest time for rentals is November through February or March, so breaking your lease will be more complicated during this period. First, you and your landlord will find it much easier to get a replacement tenant in the summer. Secondly, Horigan said rents can be anywhere from 10 to 30 percent lower in winter, and the landlord may have to offer more concessions to fill the place. 

“Generally, an environment where rent prices are increasing is a better time to break your lease because landlords are incentivized to get new tenants sooner at higher prices,” Horigan said. 

But summer is also when landlords often face a higher number of vacancies due to apartment turnovers.

“If a building has five one-bedroom units available for July and you are going to throw another one in the mix, that doesn’t help the landlord at all,” Bolger said. 

On the flip side, if your lease ends in the slower winter months and you want to break it during summer, a landlord might appreciate it if you can find a new 12-month renter with a summer start when prices are much higher. “The smaller landlords are not always thinking about this opportunity, so it can help get them to work with you,” Horigan said.  

Note that most people start looking for a place to rent as early as two or three months in advance. “The best starting place is to have the apartment marketed 60 days before a lease break,” Bolger said.  

What to know about your security deposit 

As a result of changes to the rent laws in 2019, landlords must do what they can to find a tenant to replace you. The aim is to incentivize both tenants and landlords in equal measure. Therefore, your security deposit isn’t necessarily at risk. 

As explained by Ellen Davidson, a staff attorney at the Legal Aid Society in New York, if landlords could keep the security deposit whenever a tenant broke their lease, they would be less motivated to mitigate damages by trying to re-rent the apartment. It could be argued that landlords cannot retain your security deposit simply because you break your lease, though it might be used to cover any unpaid utility bills or damage to the apartment. 

The law may also make you less likely to be sued for breaking a lease, but damages could still be imposed to cover repainting, paying a brokerage to re-rent the apartment, and lost rent—all of which might come out of your deposit. 

Keep in mind that landlords need to provide you with a walk-through at the end of a tenancy, itemize any damage, allow you to make any repairs, and pay you your money back, less any repair costs, within 14 days of the tenancy end. If that isn’t done, a landlord forfeits any right to your security deposit. 

Know, too, that if you were offered one or two months free when you signed the lease, this perk is unlikely to be extended to the incoming tenant. If the free months are at the end of your lease term, you will likely have to forfeit them when re-renting the apartment. 

And if you are tempted to recover the hefty brokerage fee you just paid when moving in, think again. “This is something I’ve seen recently, and while this is certainly understandable, tenants should know they are not legally allowed to charge commissions if they are not a licensed real estate agent,” Horigan said.

You can, however, hire an agent to help market your apartment to renters. Horigan said part of Leasebreak’s service helps match agents with tenants for this very reason. “But now, under the newly enacted FARE Act, you should be prepared to pay the agent a brokerage fee,” he noted. 

Be prepared to pay a penalty for breaking a lease

Even though your security deposit is likely refundable if your apartment is clean and undamaged and there is a working set of keys, you may still face a penalty for breaking your lease.

Unless you negotiated it before you began renting, a lease-break policy is unlikely to be included in your lease. If it is, however, it might lay out specific monetary penalties if the lease is broken in the slower winter months or if you’re not flexible when it comes to showing the apartment to new renters. 

Pro Tip
Pro Tip:

Looking for a tenant lawyer in New York City? Altagracia Pierre-Outerbridge, Esq. has 15 years of experience litigating in Supreme, DHCR, and Housing Court. To contact Outerbridge Law P.C., call 212-364-5612 or 877-OUTERBRIDGE, or schedule a meeting today.

Adam Frisch, senior managing director at the brokerage Mantus Real Estate, employs this type of policy and said he has “very rarely had any pushback from that,” noting that “most tenants appreciate that it’s a flat fee in return for knowing [they] can leave.”  

Whether or not your lease has a lease-break policy, you may face additional fees for cleaning or painting costs. One argument against that is based on the maintenance housing code, which requires landlords to paint every three years, but Davidson said “that rule is not regularly followed” and might not hold water. 

Relatedly, Horigan said landlords often do not paint and clean the apartment before the new tenant takes occupancy in a lease break situation. Instead, the apartment comes “as is.”

“To avoid any confusion, you should confirm with your landlord if the apartment will be painted and cleaned before move-in so you can properly communicate this information to the incoming tenant,” he said. 

It’s also worth investigating what your landlord is marketing your apartment for. If you were paying $2,500 and it is listed for $3,000, the landlord is violating the duty to mitigate damages. If the new rent is lower, you may have to pay the difference between your rent and the new rent.

Frisch said landlords are unlikely, in practice, to go after tenants for a few thousand dollars in lost rent—especially given some 50 percent of the lease breaks he deals with involve a tenant moving to a new city, often in a different country. “The process by which I could sue someone in Europe for $5,000 is theoretically possible though impractical, and also, it just creates resentment,” he said.

What to know about the tenant blacklist

Let’s say your current landlord pushes back on breaking the lease and is making demands for penalties. If you fight back and end up in NYC Housing Court, you could end up on the tenant blacklist.

Rent laws specify that landlords cannot solely use the tenant blacklist to deny someone an apartment. That means you should, in theory, not have a problem renting in another building in NYC.

In practice, though, the ban on using housing court information is riddled with loopholes and “unenforceable,” said Frisch. He explained that landlords will still find ways to vet incoming tenants, and because landlords cannot take more than one month’s rent as a security deposit (a common workaround for renters who do not meet the financial criteria), they are less likely to accept applicants with less-than-stellar credit scores.

How to make a case for a constructive eviction

All the above information applies to when you are moving out voluntarily, rather than because your apartment has become a living hell—or at least, what a reasonable person would consider uninhabitable. 

In that scenario, you may have a case for constructive eviction, in which you claim the landlord has failed to uphold the warranty of habitability.  

For example, a landlord’s refusal to correct issues like bed bugs, mold, or lead paint can constitute harassment, with a specific provision in the law that enables tenants to sue for legal fees in these situations.

To claim constructive eviction, you must first vacate the premises. This is risky because if you do not prevail, you will have to pay the rent. So before you move out, be sure to build your case by taking photos of the problem and keeping a record of all efforts (in writing!) to get your landlord to resolve it. 

Your detective work could also include checking with the Department of Buildings to determine if the building has any violations, if apartments have been illegally deregulated, if the building’s facade is damaged, if the boiler’s efficiency is low, or if the certificate of occupancy doesn’t match the building’s intended use.

Additionally, you may want to consult with experts to confirm the presence of mold, asbestos, or secondhand smoke.

Finally, you can call 311 or file a complaint online. If the city issues violations, that is objective proof of the condition. And violations alone may be enough to pressure your landlord into letting you out of the lease early.

—Earlier versions of this article contained reporting and writing by Emily Myers.

You Might Also Like

 

June 17, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-06-17 00:02:402025-06-17 00:02:40How to break the lease for your NYC rental apartment
Page 42 of 96«‹4041424344›»
Search Search
  • Modern Single EntryJuly 15, 2015 - 3:48 pm
  • Classic Single EntryJuly 15, 2015 - 3:48 pm
  • Classic Single Entry #2July 15, 2015 - 3:46 pm
  • MacBook PRO & SSDJuly 15, 2015 - 3:41 pm

Categories

  • No categories

JKDS is a licensed New York State real estate brokerage firm. #10351200205

Interesting Links

  • Stratagem
  • Brokerage
  • Property Management
  • Contact

Where to find us

347 Fifth Avenue
Suite 1402
New York, 10016
Phone: +1.888.559.5333

Our Office Hours

Monday-Friday: 7:00-19:00
Saturday: 10:00-17:00
Sunday: 12:00-16:00

© Copyright - JulianKent Development Stratagem LTD
  • Privacy Policy
  • Terms of Use
Scroll to top Scroll to top Scroll to top

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

AcceptCloseSettings

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refusing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Privacy Policy

You can read about our cookies and privacy settings in detail on our Privacy Policy Page.

Privacy Policy
Accept settingsClose