joe12613
Apr 28, 2011, 10:53 AM
I have been staying in a complex more than 5 years(from 2006 Mar onwards) and lease was getting extended every year after 12 months. In the first lease they have clearly mentioned the lease breakage clause as 'We agree to let you vacate your apartment and terminate your lease prior to the termination date subject to the following provisions;
1-You must provide written notice of your intent to vacate at least 60 days before termination date
2-you will be assessed a lease buy-out fee based upon the remaining percentage of your existing lease term
25% or less of existing lease term - one month rent as feee
50% or less of existing lease term - two month rent as fee
75% or less of existing lease term -three month rent as fee
However later when we renewed in 2010-2011 , the above clause was removed - However there is another clause mentioned under Security Deposit' as "You has given us total deposit of $855.Upon termination of tenancy, we may keep all or part of the deposit if you do any of the following
1-You break your lease by vacating your apartment prior to the termination date of the lease and we are unable to re-rent the apartment of any portion of unexpired term of the lease.
Is this means I need to pay max $855 in case if I break the lease ? Now Leasing office asking me to pay $1800/- which is not mentioned anywhere in the rental agreement. Please help me to understand. Does it not needed to mention the lease breakage clause in the rental agreement?
Joe
1-You must provide written notice of your intent to vacate at least 60 days before termination date
2-you will be assessed a lease buy-out fee based upon the remaining percentage of your existing lease term
25% or less of existing lease term - one month rent as feee
50% or less of existing lease term - two month rent as fee
75% or less of existing lease term -three month rent as fee
However later when we renewed in 2010-2011 , the above clause was removed - However there is another clause mentioned under Security Deposit' as "You has given us total deposit of $855.Upon termination of tenancy, we may keep all or part of the deposit if you do any of the following
1-You break your lease by vacating your apartment prior to the termination date of the lease and we are unable to re-rent the apartment of any portion of unexpired term of the lease.
Is this means I need to pay max $855 in case if I break the lease ? Now Leasing office asking me to pay $1800/- which is not mentioned anywhere in the rental agreement. Please help me to understand. Does it not needed to mention the lease breakage clause in the rental agreement?
Joe