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Re: Withholding Security Deposit for early Termination - Landlord Forum thread 355957








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Re: Withholding Security Deposit for early Termination by mdk0420 on February 1, 2018 @13:00

                              
Yes it has an accelerated clause if the contract is breach. This means that the whole lease becomes due immediately, like a mortgage would in breach of contract. Similar to an early termination fee but it is a fee based on how many months are left. She has until October until the lease ends. and she is moving out in March. So she'll have 7 months of unpaid rent left when it accelerates.
I figured the court will no expect her to be liable for all 7 months, as taking 7 months to rent a place means there are some serious issues. What is more reasonable? Simply 1 month? Maybe 2? I do understand that things happen in life and if she has to leave, so be it. But it is very frustrating that my lease is being broken early. And if no consequences then what is the point of a lease besides binding yourself in it, and not the tenant?
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