Residential lease by Bharat Parshotam
It’s as difficult for a landlord as for tenant to end a fixed-term lease. Here are some issues to consider before signing on the dotted line. Before signing a fixed-term lease, it’s worth considering the ups and downs. We at Bharat Parshotam Lawyers wrote this article, to help tenants as well as landlords with this.
Considering today’s property prices, it is most likely that people will prefer renting over buying. Most of us did rent an apartment at least once in our lives.
If a fixed-term lease is signed, it is tough to recall it or get out of it. In my 34 years of experience, I, Bharat Parshotam, helped many clients to avoid a conflict of interest before it even occurred – simply by elucidating the advantages and disadvantages of long-term leasing.
Ending a fixed-term leasing
There are a couple of things to keep in mind when it comes to fixed-term leasing. Bharat Parshotam advises tenants and landlords to consider the following:
The typical lease time for fixed-terms is one year. Landlord and tenant are bound to the agreement over that time under normal circumstances.
Bharat Parshotam knows, that it can be tricky to end a fixed-term leasing. A landlord may end a lease prematurely if the tenant violates the lease—for example by failing to pay rent or by damaging the rental property. But even if a landlord has a good reason for ending a lease early, he or she must comply with numerous state rules, procedures and forms for terminating the tenancy, filing an eviction lawsuit, and using the security deposit to cover any losses. Bharat Parshotam lawyers will assist you with lawsuits concerning these matters.
The tenant is legally obligated to pay the rent for the entire lease. This is true unless the landlord agrees to cancel the agreement. There are some exceptions, however, for example if the landlord fails to provide habitable premises. If you are aware of violations concerning your lease, talk to Bharat Parshotam for advice.
End of a Month-to-Month Rental Agreement
Month-to-Month rentals provide more flexibility than fixed-term leases. Depending on your situation, it can make more sense to agree on this kind of rental since the agreement can be ended monthly (usually 30 days). Ask Bharat Parshotam what suits your current situation.
Advice on Ending a Tenancy
Ask Bharat Parshotam to learn more about breaking a lease, getting the security deposit back and the notice required to end a tenancy. Bharat Parshotam will provide advice for both tenants and landlords.
Getting Help from a Landlord-Tenant Lawyer
Ending a lease early can be complicated for landlords and tenants. Bharat Parshotam is aware of the fact, that an early ending usually involves some kind of struggle on either the tenants or the landlord’s site. In 34 years of experience, Bharat Parshotam knows, that each case is unique and requires an individual strategy in order to find a pleasant solution.
There might be some questions popping up in your head. Bharat Parshotam is keen to answer them. These questions might regard to the proper language you should be using to create a flexible agreement. Or how you can collect the lease from a tenant that has left before the agreement ends. When it comes to unpleasant tenants, that bother other people in the neighbourhood or building even though they pay their rent on time, it is wise to consult Bharat Parshotam first. There is always a solution and we are glad to help you out.
Disclaimer: The article is a guest post by Mathew Cleveland. The information in this blog post (“post”) is provided for general informational purposes only, and may not reflect the current law in your jurisdiction. No information contained in this post should be construed as legal advice from this website. or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through, this Post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction.