Breaking a tenancy agreement can be a tricky situation, but there are certain circumstances where ending a tenancy agreement early may be necessary. If you are looking to end your tenancy agreement early, there are a few important things you need to keep in mind.
Below are a few common ways to end your tenancy agreement early:
1. Negotiating with your landlord:
If you need to leave your rental property before your tenancy agreement is up, the first thing you should do is talk to your landlord. Explain your situation clearly and see if they are willing to let you out of your lease early. Some landlords may allow you to break your lease if you find someone else to take over your lease or agree to pay a fee to terminate it early.
2. Using a break clause:
Some tenancy agreements come with a break clause, which allows you to end your tenancy agreement early. This clause typically allows you to give notice and vacate the property before the end of your lease. If your agreement contains a break clause, check the terms carefully and follow the instructions carefully to avoid any unnecessary penalties or legal issues.
3. Surrender your tenancy:
If your landlord agrees, you can surrender your tenancy early, allowing you to vacate the property before your lease ends. The process for surrendering your tenancy agreement is more straightforward than other options, but make sure you have a written agreement for clarity on the date you will be leaving the property.
4. Selling or subletting:
If you’re unable to negotiate with your landlord or cannot find a break clause in your agreement, subletting or selling your lease may be an option. You may be able to find someone who is willing to take over the remainder of your lease. However, ensure that subletting the property is allowed within your lease agreement.
While these options offer ways to end your tenancy agreement early, it’s important to approach the situation with care and communicate clearly with your landlord. Breaking a lease can have legal consequences, including being sued or having your credit report negatively impacted. Therefore, it`s important to review your tenancy agreement and consult with a legal professional if necessary before making any decisions.