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Ask Maverick Your Own Question
Maverick
Maverick, Lawyer
Category: Real Estate Law
Satisfied Customers: 5800
Experience:  20 years professional experience
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We will be doing a early termination of our lease agreement

Customer Question

We will be doing a early termination of our lease agreement it end on the 31 December 2016 but have given 2 months notice on 31/07/2016 and were not advised that we will be liable for the rent until the end of December 2016 is this legal
Submitted: 5 months ago.
Category: Real Estate Law
Expert:  Maverick replied 5 months ago.

Typically you are liable for the rent for the full term of the lease agreement. In cases of early termination, it is best to give the landlord as much advance notice as possible so he can mitigate his damages. So if the landlord is able to find a new tenant to take over the lease, say within 1 month after you vacate, then the LL can only collect rent for one month and not the balance of the lease term. In other words, the LL cannot collect double rent and has to actively look for another tenant to replace you once you provide notice of move-out.

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