How To End A Rental Lease Agreement In A Proper Way?

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A rental lease agreement is a legally binding contract between a tenant and his landlord, and involves the specifics of the property that is being rented, the rent amount to pay, the date of payment, the period of lease etc.

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How To End A Rental Lease Agreement In A Proper Way?:

How To End A Rental Lease Agreement In A Proper Way?

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A rental lease agreement is a legally binding contract between a tenant and his landlord, and involves the specifics of the property that is being rented, the rent amount to pay, the date of payment, the period of lease etc. It can be ended when the fixed term comes to an end, or if there is a breach of contract such as damage to the property, unpaid rent and more. It is important to end the agreement legally, and in a proper manner. Here are some useful tips for ending a rental lease agreement the right way, if the end is a premature one.

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Having a sub-lease   If the tenant wants to end the lease early, he will still be responsible for paying the entire rent amount that is due through the contract’s end date. If the Rental Lease Agreement allows a sub-lease, the tenant might be able have the property sub-leased to another renter who will pay a part of the rent or the entire rent mentioned in the agreement. Then, the tenant can continue making payments to the Landlord through the sub-leased renter right to the end of the contract period.

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Negotiating the rent amount   Whether the landlord or the tenant ends the agreement early, without sufficient grounds for doing so, he needs to pay compensation for ‘breaking the lease’. In a fixed term agreement, landlords cannot usually make tenants leave their property during the tenancy period. However, if the tenant agrees to the request of the owner or property manager, a compensation payment can be negotiated. Please visit this site to ​​get a​ sample rental lease agreement in Oregon.

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