If I terminate my lease mid-month, do I pay a pro-rata amount for the rent of the next month? Thank you.
2006-12-13 11:28:24 · 4 answers · asked by LA 1 in Business & Finance ➔ Renting & Real Estate
NO !!! For my residents that are on a MTM lease they must give me a written notice 20 days prior to the end of the month. So If there are 30 days in the month I will need notice by the 10th, If there are 31 days in the month I will need notice by the 11th. Check your rental agreement to see how much time you are required to give. If you don't do this right you could wind up with owing the next months rent also.
Good Luck!!! Hope this helps
2006-12-14 03:55:21 · answer #1 · answered by The Landlord 2 · 0⤊ 0⤋
it truly is as a lot as you; would you particularly pay 2 month's worth of lease and go away free and sparkling or conform to pay month-to-month till a sparkling tenant ought to nicely be got here upon, and ending up paying the entire relax of the lease? Legally, they could be able to proceed charging you for lease till a sparkling tenant ought to nicely be got here upon. no longer all states require the owner make any attempt in any respect to re-lease. in case you imagine they are able to looking a sparkling tenant before 2 months, then you are able to take the gamble and proceed to pay month-to-month lease. If no longer, then pay both month penalty and be achieved with it. And, sure, this starts after your 60 day note is over. So, in case you provide note immediately, it is going into result August 1st, to be out by September thirtieth. If a sparkling tenant can bypass in October 1st, then you owe no longer something in penalty. Likewise, if a sparkling tenant is got here upon before September thirtieth, you're entitled to a compensation in prorated lease, as your landlord can't double-dip for lease (can't carry at the same time lease from different tenants for an same unit for an same apartment era). even with the undeniable fact that, if a sparkling tenant can't be got here upon till, say, January 1st, then you are on the hook for October, November, and December lease. contained eventually, it truly is as a lot as you. you are able to also evaluate your protection deposit forfeit, as with each and every time you spoil a freelance early. New administration isn't required to signal a sparkling lease with you; they offered your lease and hence ought to abide by it.
2016-11-26 01:42:27 · answer #2 · answered by bornhoft 4 · 0⤊ 0⤋
even on a month to month you must give a full 30 days notice. read the small print in the agreement.
I have never heard or had an agreement that let the ternant give notive without a full 30 days
2006-12-13 11:37:13 · answer #3 · answered by ML 5 · 0⤊ 0⤋
even though you are on a month to month lease you still have to give him a 30 day notice so leaving half way through month could trigger him to sue you or keep deposit
2006-12-13 11:38:00 · answer #4 · answered by Mike N 2 · 0⤊ 0⤋