Breaking a rental lease in Victoria can have serious consequences. If you break your lease early, you may be required to pay compensation to the landlord, which can include rent until a new tenant is found, advertising costs, and reletting fees. Additionally, you may lose your bond or part of it, depending on the circumstances of the lease break. It's crucial to understand your rights and obligations under the lease agreement and the Residential Tenancies Act 1997 (VIC). It's recommended to negotiate with your landlord or agent and try to reach an agreement to minimize the financial impact. However, if you cannot reach an agreement, the matter may be referred to the Victorian Civil and Administrative Tribunal (VCAT) for resolution. It's essential to seek legal advice if you are unsure about your rights and obligations when breaking a rental lease in Victoria.
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