What is an Early Lease Termination?

Do you only have a couple of months left in your lease or signed a lease renewal and now can not stay? An early lease terminations might be a better option for you. With an early lease termination, you will give us an exact date of when you will be out to the unit. We will start advertising the unit. You will move out of the unit on that certain date. We will turn over the unit.  We will continue to work on leasing the unit.

You will be responsible for rent until someone new moves in.  At that time you will get your deposit refunded and be done with the responsibility of the unit. Once you move out, we will take care of showings, refunding your deposit, moving in a new tenant, etc. With an early lease termination you choose the date you will be completely out to the unit and leave the rest to us.

There is a $150 for an early lease termination. The same cost for a lease assumption.

Ready To Move Forward With An Early Lease Termination?

If you are ready to start the early lease termination process, please contact us through your tenant portal. We will send over an agreement for signature and start the process.

FAQs

I moved out on a certain date, but want to go back in before the new people move in.

Once you move out of the unit we start the turnover process. This means you will lose the ability to go back into the unit. Once you are out of the unit, the keys will be changed and you will not be able to enter the unit. You will still be responsible for fulfilling your lease obligation of rent and any bill backs, but will not have access to the unit. If for some reason you need back into the unit, please contact us through your tenant portal.

Why would I still pay rent if I can't access the unit and you turn it over?

The main difference between an early lease termination and a lease assumption is that with a lease assumption no turnover will be done and it is up to you to figure out all the details concerning move in date and deposit.  With an early lease termination, you just have to move out, continue paying rent and we will take care of the rest.  If you request to go back into the unit after a turnover is completed may result in additional charges to your deposits.

Why are you advertising the unit at a higher rent?
With an early lease termination we are starting a new lease with whomever moves into the unit. We may raise rent to keep up with market pricing.
How will I know when I'm officially done with my lease?
We will keep you updated once we have a approved applicant. Once the new person signs a lease, you will receive an email letting you know once your obligation to pay rent is done.
When am I officially off the lease and not responsible for rent?
You would be responsible for rent until an approved applicant moves in or until your lease is completed. You
would still be required to pay your monthly rent by the 5th of each month. If someone new does move in in the
middle of the month, we can pro-rate your rent back to you on your deposit.
I’m out of the house, now what?
You will be required to drop off key in our office with the understanding that you completely out of the home and
the turnover process will begin. Within 21 days we will send you an estimated security deposit refund. This will be
a final deposit if someone new is able to move into the home within those 21 days. Otherwise, if the home is still
un-rented, you will need to continue to pay rent until someone moves in or the lease ends.