Posted in Blog  
  on Dec 29, 2014

Early Lease Termination Agreement Tips

Despite everyone's best intentions at the start of a new lease, circumstances for families can change and this may cause the need to break a lease. Terminating a lease is a tenant right in almost every landlord/tenant law, but it isn't always without consequence. By following these early lease termination tips, however, you can make the process about as painless as it possibly can be.

1. Look for Hardship Clauses in Local Laws

Instead of just outright terminating a lease right away, look at the reasons behind the termination. Is it because you just don't have the money to pay the rent any more? If you've lost a job or had a bout of ill health that killed your finances, then you may be able to terminate the lease without any penalty. The same principle is true for those in domestic violence situations.

2. Always Notify Your Landlord in Writing

Any lease termination should be in writing so there is no question as to the actual date of the termination. This notification must be either mailed with a certified delivery option or hand-delivered. Always give a landlord as much time as possible, going beyond the minimum notification deadlines, so more time can be taken to secure a new tenant.

3. Leave the Property As If You Were Moving Out at the End of the Lease

An early lease termination is not necessarily an automatic forfeiture of a security deposit. Make sure that the carpets are professionally cleaned, hardwood floors mopped, and counters and cabinets bleached to reduce the monetary impact of preparing the home for the next tenant.

4. Secure New Tenants for the Property on Your Own if You Can

Many leases today stipulate a certain cost to tenants when they terminate their lease early which involves the finding of a new tenant. You can avoid these costs by supplying your own tenants who may wish to either take over the remainder of your current lease or start a brand new one. The landlord will need to screen the tenants and there is no guarantee of approval, but if you can plan for new tenants to move in the day you're moving out, you can minimize expenses for everyone.

5. Stop Paying the Rent the Day You Move Out

Although the rental agreement is a legally binding contract, many landlord/tenant laws do not require you to pay rent if you are not occupying a property. Always research your local laws before proceeding, but in most cases, you'll want to stop paying any rent the day that you move out. Until you move out, however, you're still occupying the property. Even if you move out at 6am, you still have to pay rent for the full day of occupancy.

6. You've Already Agreed to Break Fees

Most leases have a certain fee that will be applied if a lease is broken. This fee might be waived because of hardship laws, but that is generally the only exception to the rule. This fee may or may not come out of your security deposit. Sometimes a lease must be broken, but it shouldn't have to destroy your finances. By following these tips, you'll set yourself up for the easiest, most affordable set of circumstances possible.


Most Important Landlord Tenant Laws in Texas

When it comes to having a tenant for the first time, it can be pretty daunting because you are going to be the corresponding landlord and a new relationship will emerge, which will need time to grow... More

The Landlord Tenant Board: What it is and When it is Needed

Many times, there are issues between a landlord and a tenant that need to be resolved but are failed to do so, because both parties have gone too far with their actions, and have retaliated in the... More

The Landlord Tenant Laws in California

The landlord and tenant laws in California are literally the same as they are in any other state. These laws, rules and regulations are put into practice because they uphold an order, a discipline,... More

Understanding the Landlord Tenant Laws in Illinois

People are aware that there are different rulings in each state with reference to the landlord/tenant laws. The state of Illinois also has a set of laws. These rules and regulations are basically... More

How to Create a Residential Lease Agreement

Where there is a landlord, there will also be a tenant, and it is no surprise that these two parties can only work together once there is some sort of agreement, contract or a binding deal in place.... More

The Best Sites for Rental and Lease Agreement Templates

Many landlords find it difficult to write and draft a lease agreement. Since every State has its own general template, it can also be difficult to make sure your lease agreement meets all the criteria... More

The Landlord Tenant Act: What Landlords Need to Know

All landlords know that before they can formally become a landlord there are a lot of things they need to understand. Landlords and tenants cannot act as such without any legal bodies involved. That... More

5 Landlord Forms that Every Landlord Should Have

When it comes to being a landlord, one should know that it is not for the unprepared individual. This should be clear that being a landlord does not simply mean that you will be taking the rent and... More

Landlord Obligations: The Responsibilities of a Landlord

Becoming a landlord is a major deal and no one can simply get up and think, “well, yes I think I should be a landlord and rent out my flat.” If you are thinking that you would like to be a landlord,... More

The Best Landlord Associations for Landlords to Join

If you’re a landlord and want to manage your business in a better way, you should endeavor to get in touch with those industry experts who have the experience and the skills to help you do it. This is... More