mark0104
Mar 15, 2008, 03:35 PM
I have lived 2 years at my current address. My current 1 year lease expires this month. The landlord has told me that he is facing financial difficulties given an increase in his mortgage payments and has proposed a 6 month lease only. Would adding an additional lease clause to the effect that "the landlord will grant the tenant the right to early termination of the lease (tenant gives 30 days notice) with no financial penalty should a Notice of Default be recorded on the landlord's property" be effective? Any recommendations on how to minimize my risk given that I wish to remain at this address for the next six months?