Video Summary
Can I terminate a lease? No, you can’t terminate a lease by yourself. It would take the consent of both the landlord and the tenant to agree to terminate it. The only other provision to be able to terminate a lease is if either the landlord, if you’re the tenant, has breached the lease and you wish to terminate it because of his or her breach of the lease. And on the other side of it is that if you can terminate the lease if the tenant has breached the lease many times, that’s as a result of non-payment and you can sue for your damages or whatever, but that would terminate the lease. So, you cannot unilaterally or on your own just turn around and terminate the lease. You have to look at the provisions. I would suggest if that’s an option you would like, particularly with an apartment complex or whatever, or anytime you’re rent residential property or even for that matter, commercial property, you might negotiate the time you prepare the lease. A buyout provision, I’ve seen it. Usually they say that you, once you give notice of the buyout, you have to pay two months of the rent to be, to buy your way out of the lease. Or you can negotiate whatever dollar amount it would be necessary to be able to be released from law lease. If you have any questions, give me a call at (727) 847-2288.