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    kodo's Avatar
    kodo Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 9, 2009, 10:07 AM
    Landlord wants to terminate lease
    The land lord wants to terminate my lease as his house he is living in now was foreclosed on.
    And wants to live in my rental.I need to know how a buy out works and what I can ask for as I have 5 months left and have been in this house for 4 and half yrs with no problems. Is there laws in Florida for this?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Apr 9, 2009, 10:38 AM

    I don't believe a landlord can terminate a lease early, even if they are moving back in, but they can not renew the lease.

    A buyout is simply an agreement between you and the landlord to terminate the lease early in exchange for some consideration. Generally 2 months rent is considered customary.
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