How to Break Your Lease

Need to break your lease early? Here’s what you need to know

prowest Latest News 29th January, 2020 No Comments

Whether it’s for a new job, to take on a gap year, or because of changing family circumstances, there are plenty
of reasons why a tenant may find themselves in a situation where they need to move out of their rental home
before their lease agreement ends.

Ending a rental agreement prematurely isn’t something that should be taken lightly, but there are steps you
can take to help minimise the disruption to your landlord, and hopefully any costs too.

Check your state’s rental laws

Rental laws differ from state to state, but in general there will be a specified period of notice that you
will be required to provide, and probably break-lease fees that will cover the cost to re-advertise and re-let.

You may also be required to continue to pay rental costs until a replacement tenant can be found, or until the
end-date of your agreement.

There may be legal circumstances that allow you to leave the property early, such as financial hardship,
so you really do need to check the rules that apply in your state.

Provide as much notice as possible

To minimise any possible costs it’s best to notify your landlord or property manager of your intention
to leave as soon as you can. The more notice you provide the easier it will be to provide a replacement
tenant for your rental, meaning less is likely to be owed.

Official notice should be given in writing and should at the very least outline the date you intend to leave
and forwarding address if you have one.

Work with your property manager and landlord

You may be able to come to a mutual agreement with your property manager and landlord and be able
to end your lease early, or reduce any associated costs.

Regardless, it’s worth making your best efforts to help find a new tenant for the property.
This might mean keeping the property clean and presentable and allowing regular property viewings
to take place so that the property gets leased again quickly.