Double rent and ONE extension.
I am in a lease agreement which states that I am liable to pay rent till the lease end date or till the apartment is leased out again , however I am planning to terminate the lease with a 60 day notice. The landlord has sent a notice that I can extend the date of exit ONLY once, after which I will be liable to pay double rent. I am not wanting to loose money by not staying in the apartment and also paying the rent.I am trying to reduce the cost that I will incur. Is it legally correct for the landlord to allow ONLY one extension? What should I do ? I am ready to wait till the landlord gets a new tenant - since I am not in a hurry to move out.
Comment on ScottGem's post
Thanks for the reply - I am staying in New Jersey State in New Providence city. Another question is can I give a notice stating that I will exit ONCE I get a notice form the landlord that he has rented his apartment.
Comment on ballengerb1's post
Thanks for the reply. I am leaving early by terminating the lease well before the lease end date ( I am willing to pay the necesasry lease breakage charges).I have given a notice of 45 days,can I give a new date again if the landlord did not rent it.