The Real Estate Mavericks
The Real Estate Mavericks
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    • Home
    • Owners
      • Client Login
      • Features / Fees / FAQ
      • Accounting
      • Goals
      • Listing / Leasing
      • Obligo
      • Maintenance
      • Rental Hygiene
      • Renewals / Turnover
      • Project Management
      • Evictions
    • Tenants
      • Tenant Login
      • Tenant Commitments / FAQ
      • Moving In
      • Obligo
      • Communications
      • Paying Rent
      • Maintenance
      • Mid-Lease Inspections
      • Lease Renewals
      • Roommate Policy
      • Early Lease Termination
      • Renting to Owning
      • Moving Out
    • Agents
    • Available Rentals
    • About Us
    • Contact
  • Home
  • Owners
    • Client Login
    • Features / Fees / FAQ
    • Accounting
    • Goals
    • Listing / Leasing
    • Obligo
    • Maintenance
    • Rental Hygiene
    • Renewals / Turnover
    • Project Management
    • Evictions
  • Tenants
    • Tenant Login
    • Tenant Commitments / FAQ
    • Moving In
    • Obligo
    • Communications
    • Paying Rent
    • Maintenance
    • Mid-Lease Inspections
    • Lease Renewals
    • Roommate Policy
    • Early Lease Termination
    • Renting to Owning
    • Moving Out
  • Agents
  • Available Rentals
  • About Us
  • Contact

EARLY LEASE TERMINATION

Early Lease Termination Policy

We understand that circumstances may arise requiring a tenant to end a lease prior to the agreed-upon term. Early lease termination is not guaranteed and must follow the process outlined below. By requesting early termination, you acknowledge and agree to the following requirements:

  • 60-Day Written Notice Required: A written 60-day notice must be submitted and is considered effective only once received and confirmed in writing by our office.
     
  • One-Month Early Termination Fee: A fee equal to one month’s rent is due at the time the 60-day notice is submitted. The notice period does not officially begin until this fee is paid in full.
     
  • Forfeiture of Security Deposit: By initiating early termination, the full security deposit is forfeited and will not be applied toward rent or any other charges.
     
  • Rent Must Remain Current: Rent must remain paid in full and on time throughout the entire 60-day notice period. Late or unpaid rent may result in cancellation of the early termination approval.


Additional Requirements and Conditions

In addition to the above steps, the following conditions apply to ensure a smooth and fair transition:


  • Property Must Be Returned in Rent-Ready Condition: The home must be returned in the same condition as when possession was granted, excluding normal wear and tear. Failure to meet this standard may result in cancellation of the early termination agreement and continued financial responsibility through the original lease end date.
     
  • Property Access for Inspections and Showings: We reserve the right to enter the property during the 60-day notice period for inspections, maintenance, showings, or re-rental preparation with proper notice as required by law.
     
  • Final Settlement of All Balances: All outstanding charges, including unpaid rent, utilities, damages, and fees, must be fully satisfied prior to the official termination date.

Copyright © 2023 The Real Estate Mavericks - All Rights Reserved.


Phone: 423-654-8585

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