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What is the proper process for terminating my lease since the company I work for is transferring me?

What is the proper process for terminating my lease since the company I work for is transferring me?

Q: What happens if a tenant did not move in after signing lease?

If a tenant does not move in after signing a lease, they may still be responsible for the rent due under the lease terms. The landlord could potentially pursue legal action for breach of contract. However, some leases may have clauses that address this situation, so it's important to review the specific lease agreement.

Q: Can I back out of a lease after signing?

Backing out of a lease after signing can be difficult and may result in penalties. Unless the lease contains a specific clause allowing for cancellation, you may be liable for rent until the lease ends or until a new tenant is found. Always check your lease for cancellation terms and consult local laws for guidance.

Full question:

I have been a tenant of this building for 3 years and always signed a 1 year lease. My lease is up this month. I know I will be moving out of the country in 2 months and asked my mgmt company what to do? They told me to cross out term 12 months and write in 1 month, sign the lease and send it back. That does not seem right. Shouldn't I have something that says they approve a one month extention or something?

Category: Landlord Tenant
Subcategory: Lease Termination
Date: 04/07/2025
State: New York

Answer:

If they accept the revised lease, it is a binding contract. It is the other party's right to choose not to accept the changes.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Does a new lease void an old lease?

Yes, a new lease typically voids the old lease once both parties agree to the terms and sign the new document. This means that the old lease is no longer enforceable. However, if the new lease is not formally accepted by the landlord, the original lease may still remain in effect. Always ensure that any changes are documented and agreed upon by both parties.

What is considered lease abandonment?

Lease abandonment occurs when a tenant leaves the rental property without notice and without paying rent, demonstrating an intention not to return. This can lead to the landlord taking possession of the property and possibly pursuing legal action for unpaid rent. Each state has specific laws regarding abandonment, so it's important to check local regulations.

Can I cancel a rental contract after signing?

Once you sign a rental contract, it is generally binding, and canceling it may not be straightforward. However, some leases include a 'cooling-off' period or specific clauses that allow for cancellation under certain conditions. Review your lease for any such provisions, and consult local laws for tenant rights regarding cancellation.