A lease agreement is not easily broken. However, you can still break it for any reason, and if you do, you have to pay for the consequences. Your landlord might ask you to pay for all the damages that you made, pay half of the amount, or will simply ask you to leave the house.
Many tenants think that their last month’s lease is covered with the deposit money. Well, that is not always the case. If you talk about the lease, it is very well-known that the landlord will make the contract favoring him only. That might also not be true.
Lease Functionality
A lease is an essential contract that the landlord provides to tenants. For that reason, the tenants think that the lease agreement is in favor of the landlord. When you are signing a lease, you need to make sure that you read all the clauses. The clauses may contain some limitation about what parts of the property you can use, the rent amount, etc. But more importantly, look need to look for terms about termination, deposits, and penalties.
When you talk about the lease, there are various kinds of the lease. The most common type of rental runs on a monthly basis, but some landlords also make it for several years. Well, you can even start your lease on a base of one or two years, but after some time, you can change your rental to a monthly base.
Breaking of the Lease
You can break your lease if you do not follow any clause from the contract. Sometimes the tenant wants to break the lease and sometimes the landlord. However, in most cases, the landlord wants to break the lease. For a reason, they want to sell the property, or they want to refurbish the property. They may also want to break the rental because they are getting better rent for their place.
The best areas for tenants are the one which has rent control authorities working. If the area does not have rent control, the landlord might deal with you fairly and throw you out of the house. In some cases, the landlord likes the tenant and keep them for extended years.
In the current world, many things are changing. So, the renting style is changing as well. Many property owners are now more interested in renting out their property to short-term tenants, Airbnb, or a similar facility, which can help them earn more.
Final Words
The lease is one of the most important documents in hand when you move in. When you get the lease document, make sure that you read it thoroughly, and you clear all your queries about it. However, you need to keep in mind that you need to renew your lease every time it lapses.
If you are someone who wants to maintain a good relationship with your landlord, you need to take care of the house as if it is yours and also keep up with its maintenance
