How do I terminate a lease?

In a rental agreement, either a tenant or a landlord can terminate the lease. While it is more common that a tenant terminates because he plans to move to another place, it's often not so common that the landlord terminates or breaks the lease. 

When Can a Landlord Break a Lease?

As with tenants, landlords are legally allowed to terminate leases if part(s) of a lease has been violated. This could include major damage to the property, subletting when it is not permitted, or late rent payments. The policy or terms can usually be found within the lease agreement.

When a Landlord Breaks a Lease:

To terminate the lease, the landlord must provide sufficient notice to the tenant regarding the reason for termination. The landlord must look at his or her state’s detailed laws surrounding how to write and deliver a termination notice. Landlords can either request the tenant leave within a set number of days, or they may inform the tenant of wrongdoing and provide a warning, notifying the tenant of pending lease termination if the problem is not resolved. In some cases, tenants do not comply with the termination notice. In this situation, landlords may file a lawsuit to evict the tenant.

System Lease Agreement Termination

When you set up a lease agreement, you can specify your lease terms, including the termination date and how many days in advance the tenant will be notified. The lease will automatically terminate on the date specified. Click here for more information on how to create a lease agreement. 

Manually Terminate Lease Agreement

1. Navigate to Manage on the left side menu. Select the Lease Agreements tile.
2. Select the Lease Agreements tab on the top menu if it is not already selected.
3. Locate the lease you would like to terminate and click the " ... " on the right to open a drop-down menu.
4. Click Terminate.
   Note that deleting a lease will null the agreement and remove all previous and future transactions associated with the lease.
5. You will be prompted to enter a termination date. Click Terminate Lease to save your input. Terminating a lease will stop all automatic transactions for future dates but retain all transactions from when the lease was active.