Hi,
It's just as easy to end an agreement as it is to start one. The rental agreement's "termination clause" is very important. Both the owner and the tenant are legally obligated to adhere to the terms.
If the clause in your rental agreement specifies a two-month notice period for termination, the tenant or owner must notify you of the termination two months in advance.
Even if the tenant doesn't stay in the rented house, he will still have to pay rent for the notice period if he can't wait for it to end.
To avoid misunderstandings, either party should provide written notice.
There are probably no risks if the owner and the tenant have no objection to terminating the agreement.
The tenant is obligated to pay the owner if the owner asks for a few months' rent and any other fees that are in the agreement.
Things to do before the tenant moves out of the rented house
The tenant is responsible for paying all electric, water, and maintenance bills.
If the tenant caused any damage to the property, it should be fixed or replaced, and the premises should be cleaned.
The property must be inspected by the owner to ensure that everything is in working order.
The owner must sign and affirm that he has inspected the property and found no damages.
The whole store cash must be gotten back to the inhabitant by the proprietor, after ensuring that all duty is paid and no harm has been made.
If necessary, the rent deposit settlement agreement can be signed by both parties.
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Authors Of The Question
What is the process termination of residential lease agreement?
j3375@yahoo.co.in
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1 Answers
1 Year
2023-03-26T12:35:34+00:00 2024-11-25T11:44:12+00:00Comment
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