Login / Register

User Name
Password

Search



Advanced Search

Advertisers

Advice on how to terminate residential lease early

Reply
 
Tools Rate
  #1  
Old 16-10-2006, 10:16 PM
tix tix is offline
Registered User
 
Join Date: Oct 2006
Posts: 4
tix is on a distinguished road
Advice on how to terminate residential lease early

Hi,

Does anyone have any advice on how to go about ending a residential lease before the lease expiry date? I have 3 months left on my lease but really want to get out before and am worried my landlord will not allow it!

Any advice or opinions on the likelyhood of this would be appreciated.

Thanks
Reply With Quote
  #2  
Old 16-10-2006, 10:57 PM
Registered User
 
Join Date: Sep 2005
Posts: 45
sarawesi is on a distinguished road
Tell your landlord what u r thinking about. As long as you don't commit, you've nothing to lose.

He/she may accept the early termination in one or more of the following circumstances:

1. He can re-rent in the current market at a higher $ rate than he's getting from u now:
2. He may actually want to occupy the premises himself and will otherwise be committed to rent 2 u until termination of the lease; or
3. He may be very reasonable/kind and let you off with the early termination.

Like other contracts, they can be amended or terminated with the agreement of parties to the contract.

U likely have a 2 yr contract, in which case u probably have a break cause facilitating 2 months notice after 12 months of tenancy. This means give him/her written notice before 12 months of tenancy and u can end it at the conclusion of 14 months tenancy.
Reply With Quote
  #3  
Old 17-10-2006, 02:02 PM
tix tix is offline
Registered User
 
Join Date: Oct 2006
Posts: 4
tix is on a distinguished road
Thanks so much for your advice!

Will see what the landlord says!
Reply With Quote
  #4  
Old 20-10-2006, 11:09 AM
Registered User
 
Join Date: Oct 2006
Posts: 42
angielam will become famous soon enough
Actually, to my understanding for the 2-year contract, which means the landlord has to be bounded by 2 years, but the tenant only needed to bound in the first year, actually 13 mths., and the tentant has the right to terminate the contract only in one mth. notice in advance. EXCEPT, if you signed under different terms as agreed between the landlord and yourself.
Reply With Quote
Reply
Similar Threads
Thread Forum
Residential Proof-Immigration Immigration and Visas
Employing Terminate Domestic Helper Everything Else
Residential Nurse required Everything Else
advice on breaking a lease? Hong Kong Accommodation
Advice needed on 18month lease Hong Kong Accommodation


Tools
Rate This Thread
Rate This Thread:


All times are GMT +8. The time now is 03:55 AM.