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Cancellation of Lease Agreement FAQ
The short answer is “yes, but…” Canceling a lease is not synonymous with zero responsibility to pay anything if you cancel. You can break a lease — sometimes without any penalties, other times with non-negotiable financial obligations — for a variety of reasons. If you don’t live in safe conditions, are being evicted by the landlord, can’t afford to pay rent or are moving out of the city or state — these are examples of why leases are broken. Be 100% clear on what your responsibilities will be before you sign any lease agreement.
Yes, you can cancel a lease after signing, but the cancellation will only be valid if you have drawn up and signed a lease cancellation agreement beforehand.
Keep in mind that, as a prospective tenant, you will most likely be signing a lease agreement already written by the landlord. That said, if you have the option to include cancellation details to the arrangement, begin the letter by mentioning the name, address, and contact details of both parties. Next, type up the letter mentioning the reason(s) for which you may wish to cancel the agreement, along with room for signatures at the bottom.
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