Lease termination
Lease termination refers to the process of ending a rental agreement before its designated end date. This can happen for various reasons, such as mutual agreement between the landlord and tenant, expiration of the lease, or violation of lease terms. Tenants may also seek early termination due to personal circumstances, often needing to provide notice in advance. Depending on the lease conditions and local laws, there may be penalties or requirements for returning security deposits. It's important for both parties to understand their rights and obligations during this process to avoid disputes.
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Lease termination refers to the process of ending a lease agreement between a landlord and a tenant. This can occur at the end of the lease term, if both parties agree to terminate early, or if lease conditions are violated. Tenants must typically provide notice per the lease terms, while landlords must also follow local laws regarding notice and reasons for termination. Upon termination, both parties fulfill their obligations, such as return of security deposits and vacating the property, to ensure a smooth conclusion of the rental relationship.