Tenants want to end their lease early for varieties of reasons. Maybe they have got a better job in another city, or maybe he/she is a college student and now has decided to return to the home town in the middle of the session. Though these are some personal justifications for ending a lease early, most of the time, there will be penalties for breaking a lease sooner. It may create hassle later on.
Want to break your lease early in the proper way? Then you need to know the process that would not create an issue. Keep reading up to the end to know the approach.
How to Break Your Lease?
It is not that simple to end a lease early. So, we have listed below some ways of lease termination. These do not break the landlord-tenant laws in the jurisdiction.
- Look for an Early Termination Clause
Landlords primarily hold tenants to the terms of their lease. Hence, the first thing to consider is to look into the details about early lease termination. Often leases include details about termination fees (e.g. rent of two months) and adequate notice. Follow any rules you find in the lease and give your landlord notice.
- Talk to Your Landlord
If no rule is outlined in the leases, talk to the property manager or landlord about your options. In case your lease doesn’t particularly address the situation, you can discuss the terms agreeable to both of you and your landlord. Take your step accordingly.
- · Speak to Your Company
In case you are moving because of a new job, it worth talking to the company about the situation you are in and ask for help. Companies often help their valuable new hire regarding lease termination. So, you can consider this step.
- Get Permission to Sublet
There may be a point about subletting in the lease. This clause can help you only if you are leaving temporarily. It allows tenants to hand over the lease obligations to a subtenant.
But the situation may not be as simple as it for everyone. So, the best is to consult with experts regarding lease termination.
Contact for lease termination solutions
Need an expert guideline for lease termination in Chicago? Mark Silverman Law Office Ltd. is there to help you. To get advice from experts with years of experience, you can contact the company. You can rest assured leaving this responsibility on them. Visit depositlaw.com for more information.