Early Termination of lease fees

[Keith Smith]

I'm wondering what other people might have in their rental agreements if a tenant wants to get out of a lease early? Right now, my lease essentially doesn't allow it. I rather have something that says, must give 60 days notice and pay X amount for early termination fee.

[Jim Adrian]

@Keith Smith

I have 3 parts for my  early termination section.  Natural disasters - released with no fee.  Military Orders - released with no fee per laws. Then tenant requested section that varies per time.

EARLY LEASE TERMINATION FEE (LIQUIDATED DAMAGES). In the event the Tenants desires to terminate the Lease early they may do so at the written approval from the Landlord.A thirty day (30) written notice is required and will be provided at the first (1st) day of the month. Rent will be paid through the end of the month.

Tenant Requested:

The Tenant will provide written and proper notice as stated above.

0-3 Months: There is a penalty fee of one (1) month’s rent.

3-6 Months: There is a penalty fee of two (2) month’s rent.

6-9 Months: There is a penalty fee of four (4) month’s rent.

Remember for military you must be  compliant with Servicemembers Civil Relief Act (SCRA) law.