Get free, no obligation quotes from multiple providers

State Farm Insurance Allstate Insurance Farmers Insurance American Family Insurance Unitrin Insurance Travelers Insurance

TERMINATING A LEASE

There are a number of reasons to pay close attention to the details of the lease you work out with your landlord, and make certain the terms are acceptable to you in the very beginning. Not the least of these reasons is that, if you fail to follow guidelines that were clearly laid out at this stage, you landlord will have the right to terminate your lease agreement. Fortunately, this is not a practice that is adopted casually by landlords. Certain conditions must be met before this practice is considered legally allowed, and you will normally receive more than one notification from your landlord or property management team before matters reach the point of termination.

To avoid the circumstance in which you come home to find a dreaded lease termination notice, or eviction notice, you should ask any questions that you have upon first going over a lease pertinent to a new rental property, such as whether or not it is okay to build a child swing set for your kids. Keep in mind, at that time, that a lease is a legally binding agreement that centers on a costly investment for both you and your landlord. At times, most of us are tempted to skim over details without reading closely, telling ourselves that reading the first and last few lines of a long agreement is sufficient. When it comes to your lease, it is critically important that you read each word, noting any potentially disagreeable points as you go.

When Termination Occurs

Under a narrow set of circumstances, your landlord can end your lease agreement before the time decided upon when the original agreement was signed. This does not need to constitute a worrisome factor whatsoever; your landlord will not "break" a lease unless there is proper justification. In this context, proper justification means that you first broke the lease in some way. So long as you are consistently abiding by the initial terms that your landlord established and you agreed to, you should have nothing to worry about. It should also contribute to your peace of mind to recall that landlords are the ones who want you to maintain to your lease. All property manages are grateful for responsible tenants and usually wish them to continue residing in the rental property for as long as possible.

One the chief reasons for the termination of a lease would be failure to pay on the tenant's part. While specific lengths of time can vary based upon the legal jurisdiction you are in, know that this is not an immediate consequence of being a few days late on a single payment. In most cases, termination based upon nonpayment follows a string of missed payments. By the time a tenant receives an official eviction notice, he or she will have usually already received both written and verbal warnings from the landlord. If you ever realize that you will be late with a rent payment, it is best to go immediately to your landlord, calmly state your reason for needing an extension, and pay the full amount the very moment that you have it.

Terminating a lease can also happen if lease terms such as those relating a subleaser are broken. In some cases, the practice of subleasing is strictly forbidden in the language of a lease, while the practice is more than acceptable in certain nearby rental properties. Tenants have gotten themselves in a bind on occasion by not paying careful attention during the course of signing their own lease, and then assuming that their lease must mirror someone else's policy. For instance, you would not want to assume that just because your apartment is in a "college town" that subletting is accepted.

Learning Center