Early Termination of Lease Agreements
When you rent a property, you may want to end the lease prior to the agreement expiration date. Depending on your situation, you or your landlord could end the lease early as long as the correct set of circumstances have occurred.
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Type of Lease
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When you want to end your lease, the type of lease you have will play a role in your ability to do so. Lease terms can vary from one state to the next, but most states have the same types of leases available. For example, you may have a fixed-term lease in which you are obligated to stay at the property for a certain number of months. You may also have a periodic tenancy, which means that your lease essentially renews on a month-to-month basis. If you have a fixed-term lease, you will have to break the lease to move out. With a periodic term lease, you can simply move out and you will not be charged for another month's rent.
Landlord Termination
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When you live in a rental property, your landlord could potentially terminate your lease at any point if you violate terms of the rental agreement. According to Lawyers.com, your landlord can evict you for living in the property after failing to pay your rent. If you break the terms of the lease agreement in other ways, you could also be evicted. For instance, if you had a pet on the property and you were not supposed to, the landlord could terminate your tenancy.
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Tenant Lease Termination
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When you are the tenant living in a property, you may be able to end your lease early under certain circumstances. If you wish to end your lease, you can do so providing written notice to your landlord in advance. The amount of time required for notice can vary from one state to the next, but giving at least a month is preferable. If you end your lease for no particular reason, you may have to pay the landlord for lost rent. If the landlord has not lived up to his end of the lease, you may be able to leave without penalty. For instance, if you leave because of toxic living conditions that the landlord has not fixed, you may not have to pay a penalty.
Mutual Agreement
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In some cases, both you and the landlord want to end the tenancy early. In this case, you can do so through a mutual agreement, however, it must be in writing. You and your landlord have to sign the document. If this occurs, you will not have to pay any extra rent after you move out at which point your landlord can begin his search for a new tenant. Terms of the mutual agreement lease termination can vary from one state to the next as well.
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