PROPERTY LEASE AGREEMENT
Town/City & Zip Code

Life doesn't always go according to plan, and sometimes, you may need to break your lease due to unforeseen circumstances such as downsizing or relocating for work. While it is possible to break your lease, there are requirements and costs associated with breaking your contract.

What are the Fees?

Depending on the state you are renting in, the costs for breaking your lease may vary. Common fees include:

• Lease Break Fee: Equivalent to a week's rent or more, depending on how far along you are in your lease agreement.
• Re-Letting Costs: Includes letting fees and advertising costs.
• Rent: Payable until a new tenant is found.

When is the Lease Deemed Broken?

A lease agreement is considered broken only after you have moved out of the property and handed back the keys to your property manager. Before this, it is essential to provide your property manager or landlord with the required notice to vacate and the date you will hand back the keys. Rent is still payable until the date you hand back the keys, after which the relevant lease break costs come into effect.

Do They Need to Show People Through?

Typically, the agent will advertise the property as soon as you provide notice to vacate. They will aim to find a new tenant quickly to minimize the costs of a vacant property. Allowing access for inspections can expedite this process and potentially reduce your costs, depending on the lease break requirements in your state.

What Happens If the Situation is Outside My Control?

Certain extenuating circumstances may reduce the lease break costs you are liable for, such as:

• Death of a co-tenant.
• Acceptance of temporary crisis accommodation or due to a domestic violence situation.
• Acceptance of social or special care housing.
• Experiencing financial hardship.
• Breach of lease agreement conditions by the landlord.

If you need to break your lease for any reason, contact our property management team at Entourage Hub who can guide you through the obligations and requirements of your tenancy before you provide notice.

For more detailed information and guidance, visit our website Entourage Hub