When the Tenant and Landlord sign a rental agreement it becomes a binding bi-lateral agreement. What this means is that both parties are obligated to the terms and agreements of the document and that no one party can change or negate them.
Although breaking a lease may be possible, this action does carry consequences. Lease break charges may include, but are not limited to:
- rent, maintenance, utilities and advertising until the home is re-rented or until the lease expires, whichever comes first
- payment of a rental commission to obtain the new replacement tenant
- reimbursement costs to the Owner such as the charge to re-key the home
Consequently, we do not recommend a Tenant breaking their lease and strongly suggest that you fulfill your obligations until the end of the existing rental agreement.
