When you sign a fixed term tenancy agreement, you agree to stay in a rental property for a set amount of time, usually six or twelve months. But sometimes, life happens, and circumstances may arise that require you to leave the property earlier than you planned. In this article, we`ll discuss some ways to get out of a fixed term tenancy agreement legally.
1. Check the agreement
The first thing to do is to review your tenancy agreement. It may have some clauses in it that allow you to break the lease without penalty. Some common clauses include:
– A break clause: This allows you to terminate the lease early provided that you give a certain amount of notice, usually two months.
– Subletting: If your agreement allows subletting, you can find someone to take your place, and you won`t be responsible for the rent anymore.
– Mutual agreement: If your landlord agrees to release you from the lease early, you can leave without penalty.
2. Negotiate with your landlord
If your agreement doesn`t have any of the above clauses, you can try negotiating with your landlord. Explain to them your situation and see if they`re willing to let you go early. Be prepared to offer something in return, like finding a replacement tenant or paying a fee.
3. Find a replacement tenant
If your landlord won`t let you break the lease, you can find someone to take your place. You`ll need to ask your landlord for permission first, and they may want to screen the new tenant before agreeing. If you find someone who`s willing to take over the lease, make sure to sort out the details, such as rent payments, before you leave.
4. Pay a penalty
Breaking a lease early usually comes with a penalty, and that penalty is often the remainder of the rent for the lease term. If none of the above options work for you, you can try negotiating with your landlord to pay a lower penalty or come up with some other arrangement.
5. Seek legal advice
If you`re still unsure about how to get out of your lease agreement, you can seek legal advice. A solicitor or tenant`s rights organization can help you understand your rights and obligations.
In conclusion, getting out of a fixed term tenancy agreement can be challenging, but it`s not impossible. Start with reviewing your agreement, negotiating with your landlord, finding a replacement tenant, paying a penalty, or seeking legal advice. Remember to always act respectfully and professionally to maintain positive relationships with your landlord and protect your credit score.