Lease Termination Policy for Leases 04/01/2024 and later

We understand that life happens and sometimes you will need to terminate your lease. Effective April 1st, 2024, we updated our lease termination policy.

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 2x rent termination fee, in which you pay a quarter 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 2 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 $1500 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.

Once all 4 steps have been completed, the move out will be scheduled and your final move out will be completed. The deposit is still eligible for return if all termination fees have been paid in full.

Where can I find this in my signed lease? Please visit Section 1.22 Early Termination:

(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 a lease termination fee of 2 months rent: (your rent x 2 will autopopulate here)
• (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.