Do we have to pay any fee's when breaking our rental agreement if they are not stated in the agreement?

Question

The areement states "The term of this Agreement .... Ending on the date specified in term 13 in the Schedule and unless either party terminates this agreement in accordance with the provisions of the Residential Tenancies Act, 1997" I can not find any reference to fee's in our agreement or in the Act.

Answer 1

There are alot of people posting that obviously has no clue of how rental contracts work.

They are TWO-WAY contracts.

If it does not SPECIFICALLY state that you can break the lease for a fee, then you CANNOT break the lease without paying out the remainder of the lease.

That means you can't break it.

It's a legal contract, and it wouldn't have much legal protection for the landlord if you could leave whenever you wanted to, now would it?

There is no law that requires a landlord to break a lease, unless it's for active duty military personnel with GOV'T orders to relocate, and even then you still have to pay for a 30-day notice.

Answer 2

If it is not stated in your lease you do not have to .

Answer 3

In absence of a lease break clause in the contract means that you will be liable for any rent for the duration of your lease.  Some states require the landlord to find another tenant asap to reduce your damages....some just allow the landlord to collect the entire lease from you.

Answer 4

You could be held responsible for the rest of the lease payments.  That's probably more expensive than any fee to break the lease.

Talk to your leasing office and find out what the fee to break the lease is.

They are not going to let you out w/o some type of fee or penalty.

Answer 5

You may not be liable for termination fee but you will be responsible for the remaining rent on the lease.  Recently, landlords have been pursuing collections more frequently.

Answer 6

Basically, if you walk on the lease, the landlord will sue you and win. The extent of damages will  likely be the lost rents during the time it is vacant while re-renting and probably some expenses thrown in as well. Always better to try to work these things out amicably instead of with hostility and law suits. But we live in a 's***w you' society so you'll probably end up in court.

Answer 7

If it is not explicitly stated in the lease/rental agreement, you are not legally obligated to pay any early termination fees.