Lease Termination Penalties Explained

Summary

Ending a lease early can involve penalties such as forfeiting the security deposit and future rent. Review your lease for specific terms and consider negotiating with your landlord. Subletting might be an option if allowed. For detailed guidance, consult a local attorney.

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My lease has this written in it: complex. For example, any tenant vacating prior to lease expiration may be subject to a default weekly rate calculated from date of lease to date of May *, *. If the lease is terminated before this date, the tenant will forfeit their security deposit as well as future month’s rent to fulfill the lease agreement. Additional penalty fees may apply, pending length of stay and condition of unit. I’m trying to end my lease early
Ending a lease early can be tricky, especially with such terms. Here are some general points to consider:
- Review your lease for any early termination clauses or penalties.
- Consider negotiating with your landlord; sometimes an agreement can be reached.
- Check if subletting is allowed as it might be a solution.

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