What happens if you make a lease termination payment?

What happens if you make a lease termination payment?

A recent case reviewed by the 11th Circuit Court of Appeals involved a tenant that paid the landlord a lease termination payment, and then promptly filed bankruptcy. The bankruptcy trustee sued the landlord for the return of the lease termination payment.

Can a landlord evict you before the lease expires?

A landlord generally faces an uphill legal battle if he or she decides to end the rental arrangement or end the tenant’s occupancy before the lease expires. Yes, a landlord may evict a tenant for many reasons, but he or she must go through the proper legal channels and give the tenant a 30-day notice.

Can a new landlord kick you out of a lease agreement?

Term Lease Agreement A term lease agreement is a housing agreement between landlord and tenant for a designated amount of time, typically 6-months to one year. If you learn about the sale of your rental property, and you still have a few months left on your lease agreement, your new landlord will not be able to kick you out.

How does a lease differ from a rental agreement?

Unlike a rental agreement, a lease does not automatically renew upon termination. Instead, a lease becomes a month-to-month tenancy if the landlord allows the tenant to remain in the rental unit and pay rent after the lease ends.

What’s the length of a lease if you pay rent every month?

The length of the lease is usually at least as long as the period between your rent payments. For example, if you pay your landlord every month, then you have an implied month-to-month lease. If you want to move out, you can do so by giving your landlord notice that is at least as long as the lease period.

Do you have to pay rent if you don’t have a lease?

The notice period should end on the day you usually pay rent. For a month-to-month lease, this means that you have to tell your landlord that you want to move out on the day you pay your last rent, one month before you actually vacate the property. You don’t have to pay any penalty because you don’t have a lease.

When is a tenant no longer liable for a lease?

If there is a serious health or safety issue and the landlord knows about it and has been given a reasonable time to fix it, or if it would cause an undue hardship on the tenant due to the timeline or nature of the repairs, a tenant may be able to move out and no longer be liable for lease responsibilities.

A landlord generally faces an uphill legal battle if he or she decides to end the rental arrangement or end the tenant’s occupancy before the lease expires. Yes, a landlord may evict a tenant for many reasons, but he or she must go through the proper legal channels and give the tenant a 30-day notice.