What to Do If You Want to End a Lease or Tenancy Agreement
If you`re currently renting a property and need to end your lease or tenancy agreement early, there are a few steps you can take to ensure everything goes smoothly and that you avoid any unnecessary penalties or fees. Here`s what to do:
Step 1: Review your lease agreement
The first step is to review your lease agreement carefully. This will ensure that you understand the terms and conditions of your lease, including any requirements for ending the agreement early. Some leases may have a clause that allows for early termination, while others may not.
Step 2: Discuss your options with your landlord
Once you have reviewed your lease agreement, you should discuss your options with your landlord. This may involve negotiating an early termination fee or finding a new tenant to take over your lease. Your landlord may be willing to work with you, especially if you have been a reliable tenant and have given plenty of notice.
Step 3: Give proper notice
If you decide to move out, you will need to give proper notice to your landlord. This is typically 30 days, but it may vary depending on your lease agreement. Make sure to give notice in writing and keep a copy for your records.
Step 4: Leave the property in good condition
Before you move out, make sure to leave the property in good condition. This means cleaning the apartment or house and fixing any damages that you may have caused. Your landlord may conduct a final walk-through inspection before returning your security deposit, so make sure everything is in order.
Step 5: Return keys and collect your security deposit
Once you have moved out, return all keys to the property and collect your security deposit. Make sure to leave a forwarding address so that your landlord can send your deposit to the correct location. If you have followed all the steps outlined above, you should receive your deposit back in full, minus any deductions for damages or unpaid rent.
Ending a lease or tenancy agreement early can be a complicated process, but by following these steps, you can ensure that the process goes as smoothly as possible. Remember to always review your lease agreement carefully and communicate with your landlord to avoid any unnecessary penalties or fees.