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Lease Termination Letter
A lease termination letter may be a notice which will be wont to end a lease agreement early or to verify that an expiring lease term won’t be renewed.
If you would like to finish a month-to-month or weekly tenancy, use our eviction notice instead.
As a reference, a Lease Termination goes by several other names:
- Early Lease Termination Letter
- Notice of Lease Termination
- Notice of Terminating Tenancy
- Notice to finish Tenancy
- Release of Lease Agreement
When does one need a Lease Termination Letter?
Some Rental Agreements require notice to be sent if the landlord-tenant relationship will end. If you would like to finish your agreement early, use a Lease Termination Letter to officially communicate the necessity to finish the agreement. for instance, a yearly rental agreement may automatically renew unless one month or two month’s notice is given. The advanced warning gives the owner time to seek out another renter and provides the Tenant enough time to seek out a replacement home.
Some states require that a minimum number of days’ notice tend to a Tenant before ending a periodic or month-to-month tenancy. Prepare an eviction notice with the statutory minimum notice requirements for periodic tenancies.
In situations where the owner goes through the eviction process with a tenant, a notice or agreement shows the court that the owner gave a good warning. Hopefully, the owner has been documenting all the written letters and notices being sent to the Tenant. an honest written record can save the owner time within the future if a judge becomes involved.
As the Tenant, you’ll have a really good reason to finish your agreement early. If you’ve got asked your Landlord to repair the heater during the winter with no luck, you’ll find it useful to send a final letter. A Tenant’s Notice of Lease Termination to the owner can explain why you think the owner has violated the Implied Warranty of Habitability and why you would like to finish the agreement and find a warm home for you and your family.
A Lease Termination Letter are often wont to end a lease agreement early or to verify that an expiring lease term won’t be renewed.
What happens if you don’t use one?
If you are doing not use a Lease Termination Letter, the court might not feel for your situation. The law doesn’t look well upon Tenants who simply move out with none notice or Landlords who kick out their Tenants with none advanced warning. Society is best off when people can expect that their Rental Agreement for one year are going to be honored.
Instead of simply leaving, Tenants are expected to possess adult conversations with their Landlords about why they have to go away . Tenants offers to sublet the place to a different trustworthy person or give the owner an opportunity to repair the heater (if they haven’t already).
Here are some of the possible consequences of not using a Termination Letter.
| Landlord’s Consequences | Tenant’s Consequences |
|---|---|
| Loss of Money Refund security deposit Court finds you guilty of a constructive eviction for not maintaining the home |
Loss of Money Loss of security deposit Must pay rent owed either in the past or remainder of lease |
| Loss of Time Attend Court Proceedings Find and hire an attorney |
Loss of Time Poor rental history makes it difficult to find a new place |
| Mental Anguish Tenant sues for hardship of not finding a new home |
Mental Anguish Landlord sues for rent owed Bad credit for seven years if a judge issues a credit judgment |
The Most Common Situations For Termination
When may be a Termination Letter often used?
| Landlord | Tenant |
|---|---|
| Selling the home, condo, or apartment | Moving for a new job or marriage |
| Property being foreclosed | Need for a different space that allows for children or pets |
| Remodeling the premises | Housing code violations have created unsafe or hazardous living conditions |
| Property has taken under eminent domain for public use as a new library | Unable to live in the home because the Landlord has repeatedly failed to fix the heater or air conditioner |
| Landlord required by police to remove Tenants suspected of gang or drug-related nuisance (selling drugs) | Premises destroyed or become partially unlivable or unusable |
| Initiating the eviction process because the tenant did not pay rent or broke leas | Leave for military service |
| Natural disaster like a flood or earthquake destroyed the place | Family health problems |
There are two ways to finish a lease and obtain both parties off the hook from their obligations.
- 1. If just one party wants to finish the connection, the owner or Tenant may unilaterally send a Notice of Lease Termination to the opposite party.
- 2. If BOTH parties agree, the owner and Tenant may sign a mutually prescribed Lease Termination Agreement.
How to Write a Lease Termination Letter
A simple Lease Termination Letter will identify the subsequent basic elements:
- Landlord: name of the party who owns the Premises being rented
- Tenant: name of the party who rents the Premises and pays the owner
- Original rental agreement: name, start, and end date of the agreement
- Vacate Date: when the Tenant will move out and leave the property
- Forwarding Address: where to send future notices or margin
- Reason for Termination: an evidence for ending the agreement