My lease says I have to give 30 days’ notice to end the lease, is that right?
Not exactly. But you are not alone- this is a common misunderstanding for tenants. Our leases do not have termination clauses available to allow you to end your lease early. The purpose of the lease is to give you and the landlord a planned period of time that the property will be rented.
When can I end the lease?
Your lease states that after the first term of the lease ends (be that one year or 6 months), then the tenant can give the landlord 30 days’ notice that you plan to end the lease. This notice needs to be given before the 1st of the month and is for the calendar month. (For example, notice should be given May 31st to end the lease on June 30th).
Can I give more than 30 days’ notice?
Yes, more notice is always helpful for your property manager. If you know 45 or 60 days ahead of time, this will give us more time to plan for a smooth transition.
What if I want to renew the lease?
The lease still requires a 30 day notice to be given to the landlord or agency at the end of the renewal time.
Is there no other way out? What if I have a job transfer or lose my job?
Good and bad things do happen to us all and our team is understanding of life changes. The lease does not allow for early termination but the landlord might. We have a remarketing plan available to assist with life changes if the owner approves. Give us a call to discuss this possibility.
What if I buy a house?
Always check with your property manager first. Most of us do not want to be paying a mortgage payment and a rent payment for very long. Timing is everything in this situation. We are REALTORS so we understand the ins and outs of purchasing a home. Please do not hesitate to contact us if you are renting and considering purchasing a home. We are here to help you!
When in doubt call or email us with your concern. We are happy to explain the lease and offer any assistance we can provide.