Early Lease Termination

At Real Property Management, we understand that circumstances may arise requiring you to move out before your lease term ends. While our goal is to provide clear guidelines for these situations, early termination comes with responsibilities outlined in your lease agreement. Here’s an overview of what happens when a lease is terminated early.

Commitment to the Full Lease Term

Your lease is a legal agreement for a set duration, and it’s important to honor this commitment. If you decide to leave before the lease ends, the lease outlines specific consequences, including financial responsibilities.

Leaving Before the Lease Ends

If you move out before your lease term ends, notify your manager in writing as soon as possible.

Leaving Prior to Your Lease Expiration

You’ll pay 60 days full lease charge (notice period) plus 50% of the remaining lease liability (rent, charges, and fees due through the end of the lease).

Example:

If you need to move out 3 months before your lease ends and your rent and monthly charges total to $1,000 per month, you would owe $1,500.

Here's the math:

3 Months x $1,000 = $3,000

$3,000 / 2 = $1,500

Abandonment

If you leave the property without notice for 15 days or more, this is considered abandonment. The lease may then be terminated, and you will owe a higher penalty than you would if you gave written notice.

Notice Requirement

Even if you terminate early, you are required to provide a minimum of 60 days’ written notice of your intent to vacate. Rent and fees will continue to accrue during this notice period.

Failure to Provide Notice

If abandonment occurs without proper notice, you will be responsible for paying rent and other charges for 60 days from the abandonment date, in addition to liquidated damages.

Need Help?

We’re here to answer your questions. If you’re considering early termination or have any concerns about your lease, contact our office for assistance.

Beginning April 6th, 2026 we are offering a lease takeover option to residents in addition to a lease buyout.

Lease Take Over

Cost: Low

Speed: Medium

Work: High

What You Do

Pay a $750 Lease Take Over Fee
Advertise and show your unit to prospective residents
Pay rent and utilities until a replacement is found
Prepare your unit for the new resident
Relinquish your security deposit to the new resident

What You Get

Release you from your liability to pay rent and utilities once a new resident is found

What We Do

Qualify your applicants
Prepare lease take over documents

Lease Buyout

Cost: High

Speed: High

Work: Low

What You Do

Provide a 60-Day Notice to vacate
Pay a Lease Buy-Out fee (50% of remaining lease liability)
Sign a Lease Termination Addendum

What You Get

Release from liability to pay rent or utilities following move out.

What We Do

Release you from your liability to pay rent and utilities
Return your security deposit less move out costs

(Certain restrictions apply. Options subject to change without notice. Every option is not always available on every property and is subject to property owner approval.)