Early lease termination is when a tenant wishes to end their rental contract before the date initially agreed. This can be due to many different factors (purchase of a new property, move for professional or personal reasons, desire to change accommodation). In this event, certain deadlines must be respected. And here are three to consider.
Should a tenant wish to terminate their lease early, it is important to be respectful of the notice period. In general, it is recommended to send your letter of early termination as soon as possible, and at least 30 days before the anticipated termination date. Don’t forget to take into account postal delivery times for registered letters. This notice period allows the property owner to put the property back up for rental and find a new tenant.
Indeed, the property owner is obliged to put the property back up for rent and has a maximum of 30 days to examine whether the proposed tenant meets the conditions of the lease contract and whether they wish to accept the early termination request of the current tenant. This notice period also makes it possible to plan the next steps, whether in relation to the property owner or the outgoing tenant.
When terminating a lease early, it is important to know the deadline for returning the security deposit. The security deposit is a sum of money paid by the tenant at the start of the rental to cover any unpaid bills or damage caused to the accommodation. According to current legislation, the property owner has a period of 12 months from the return of the keys to return the security deposit to the outgoing tenant.
However, it is important to note that this time may vary depending on the situation and any checks which need to be carried out. For example, if rental repairs are needed or if litigation is pending, the return period may be extended. It is therefore essential to contact the property owner for specific details regarding the return of the security deposit.
When you terminate your lease early, you must also take into account the time it takes for the accommodation to be vacated. This period corresponds to the period during which you must leave the accommodation once the lease termination has been accepted. In general, this deadline is fixed at the end of the current month, but it can vary according to the agreements concluded between the tenant and the property owner. In your early termination letter, suggest a date for your property owner to take over the lease. The date on which the new tenant (your replacement) will be able to move into the dwelling.
In order to avoid any dispute with the property owner, it is important to respect this property release period. Be sure to plan your move accordingly and take all necessary steps to leave the accommodation on time.
To facilitate the early lease termination process, it may be useful to turn to Sherlockhomes.ch. We offer assistance to outgoing tenants by enabling them to quickly find a replacement tenant for their accommodation. In particular, this is thanks to the free multi-posting of your listing on more than 20 real estate portals. Additionally, we offer early termination letter templates that can be used to draft your termination request effectively.
This article cannot be considered exhaustive and does not engage the responsibility of its author.
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