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Lease termination terms Unit 401

What are the terms for early...

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John Davies

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RAG sur 45,678 documents • GPT-4

What are the terms for early lease termination for Unit 401?

15:32

According to the Lease Agreement for Unit 401, the early termination terms are as follows:

Early Termination Clause (Section 8.2)

  • • Notice Period: 6 months written notice required
  • • Penalty Fee: 3 months rent as termination fee
  • • Deposit: Security deposit forfeiture unless unit is re-let
  • • Condition: Unit must be returned in original condition per inspection report

The current lease expires on December 31, 2024. If you need to terminate early, the earliest possible date would be June 30, 2024 (with notice given by December 31, 2023).

Sources:

15:32 • Confidence: 94%

Can the penalty fee be negotiated?

15:33

Les réponses sont générées à partir de vos documents indexés. Vérifiez les sources pour plus de détails.