Lease Termination Policy for Lease Prior to 04/01/2024

If you signed a lease prior to 04/01/2024 this is your termination policy per your signed lease agreement.

We understand that life happens and sometimes you will need to terminate your lease.

Step 1 : You are REQUIRED to submit your minimum 30 day Formal Notice to Vacate here OR via registered mail with a return receipt.

Step 2: You are REQUIRED to pay a 1.5x rent termination fee, in which you pay a 3rd of this fee at the time you submit your notice.

(Example: Let's say your rent is $1000 and you are giving your notice April 1st that you are vacating at the end of the month. On the first of April your normal rent of $1000 + the 1/2 months rent of $500 will be paid in full in order to formally submit your Notice to vacate).

Step 3: Pay the Remaining of the 1 month termination fee prior to move out date. (Example: On the first of April you paid the $1500 as stated above, you are still obligated to pay the remainder of that termination fee in the amount of $1000 before the end of your lease term). Payment plans are available.

Step 4: Ensure your property is returned in a clean and rent ready condition.

Step 5: Per lease agreement, termination of the lease forfeits the deposit on file due to non - lease fulfillment per lease Section 1.5 Security Deposit, Section B " Resident agrees to pay Management __ as a security deposit for fulfillment of Resident obligations under the terms of this lease"

Once all steps have been completed, the move out will be scheduled and your final move out will be completed.

This is what your lease says about early termination.

Early Termination, Section 1.21

(a) Provided Resident is not in default hereunder at the time of giving notice, has strictly complied with all of the provisions of this Agreement, is current with all fees due Management, Resident may terminate this Lease before the expiration date by:

• (1) giving Management at least thirty (30) days written notice sent via management website, by certified or registered mail, return receipt requested; plus,
• (2) paying all monies due (rent and costs) through date of termination; plus,
• (3) paying an amount equal to 1.5 months penalty; plus,
• (4) return the Premises in clean and ready to rent condition.  The foregoing shall not relieve Resident of his/her responsibilities and obligations regarding any damages to Premises. No prorating will be given for percentage of lease term completed by Resident.

(b) If Resident vacates the Premises before the Anniversary Date, and fails to follow the Early Termination clause precisely as stated above, this shall be called an abandonment, Resident will be in default of their Lease and damages will include all expenses incurred by the owner, and/or Management, to get the Premise reoccupied, (or to the next Anniversary Date of the lease) including, but not limited to, lost rent to day of reoccupation, utilities and lawn care during vacancy, Procurement Fee and advertising charged the owner to re-rent the Premises, plus property/physical damages from the move-out inspection. Management will aggressively attempt to re-rent the Premises so as to limit damages and Resident will be responsible for the exact costs incurred as a result of Residents abandoning the Premises. Said expenses will be due even if the owner elects to sell the Premises instead of re-renting it.