I Notified My Landlord That I Would Be Terminating The Lease Early. According To The Lease, I Must Pay The Equivalent Of One Months Rent. Is This Proper?

Where the lease identifies an amount that must be paid if the lease is terminated before it expires, a tenant can be charged that amount. If the parties to a contract, such as a lease, agree what the damages for early termination shall be, the damages are said to be liquidated. Both parties are bound by the liquidated damage provision in the lease. Thus, the tenant would probably be required to pay the early termination fee. If the early termination penalty is unreasonable, the tenant should consider contacting an attorney.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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