Breaking a rental lease in Victoria can have several consequences. Firstly, you may be required to pay a break lease fee, which is typically a certain amount or a portion of the remaining rent. Additionally, you may lose your bond or part of it to cover any outstanding rent or damages. Landlords can also seek compensation for financial losses incurred due to your early departure, such as advertising costs to find new tenants. Breaking a lease can also affect your rental history, making it harder to secure future rental properties. It's important to communicate with your landlord or agent and follow the correct procedures if you need to break your lease to minimize the impact.
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