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Open Source Property

Exiting a Lease

Most leases expire either at the end of the agreed-upon term or when one party serves the other with notice that they’ve decided not to renew for another period. Sometimes, however, either a tenant or landlord seeks to get out of the lease before the negotiated term concludes. For example, a new job in a faraway state, a family emergency, or a business failure can all change a tenant’s needs or ability to pay the rent. We turn now to the legal consequences of exiting a lease.