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.
Speak to an Experienced Landlord Tenant Law Attorney Today
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified landlord tenant lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local landlord tenant attorney to discuss your specific legal situation.
Your Next Step:
Enter your location below to get connected with a qualified Landlord Tenant Law attorney today.
Popular Attorney Searches: