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Guest gypsy

Liability in the case of premature termination of Lease agreement

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    Guest gypsy

    Hi

     

    Can I request anyone to let me know what is Tenant's obligation/liabilities in the case of Premature termination of Lease agreement.

     

    My agent says that I will have to pay the rent till they let the premises again. If they take ages, I will have to shell out a huge sum of money. Is that correct ?

     

    Thanks in advance for the help.

     

    Cheers

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    Yes you agent is correct and you have to pay for advertising also I belive but if you can get someone to take over the lease you will be ok.

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    Guest cornish Busdriver

    Just as Ian said, it will be written into your rental contract somewhere.

    We had to pay for 3 months cause the letting agents were being akward with finding new tennants.

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    Guest Masadal
    Hi

     

    Can I request anyone to let me know what is Tenant's obligation/liabilities in the case of Premature termination of Lease agreement.

     

    My agent says that I will have to pay the rent till they let the premises again. If they take ages, I will have to shell out a huge sum of money. Is that correct ?

     

    Thanks in advance for the help.

     

    Cheers

    Hi Gypsy

     

    You will be liable for the rent (and any other charges as per your lease agreement) until a tenant is found, any advertising costs, and also approx 2 weeks rent cancellation fee to cover the admin costs of re-doing the lease for the new tenant.

    There is the possibility of going for a 'break lease on hardship grounds', which you can apply to a tribunal for, and I heard someone mention a 26 week claus but I don't think that applies in fixed term leases. You will also be obligated to maintain the property until an alternative tenant has been found.

     

    Good luck - we are in the same boat !

     

    Diane

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    Guest Masadal
    Just as Ian said, it will be written into your rental contract somewhere.

    We had to pay for 3 months cause the letting agents were being akward with finding new tennants.

     

    If the agents have alternative empty properties, obviously they will push those. As it stands they will be getting rent from you, with no one living in the house, in other words "a completely risk free tenent"

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