Early Lease Termination Addendum
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The Early Lease Termination Addendum saves the landlord headaches by allowing the tenant to end the lease before the end date for a fee.
Document Last Modified: 6/6/2023
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Some landlords and attorneys believe that adding a way for a tenant to “get out” of a lease early may save future headaches. If you have been a landlord for a while, you have seen the good tenants and the bad tenants. This form can be used for a good tenant who may have fallen on hard times as a way of holding out an Olive Branch to let them out of their contract ahead of time. However, this form may also be used to try to negotiate a bad tenant out of a lease before its expiration; perhaps saving aggravation. Luckily, the ezLandlord Forms’ Early Lease Termination Addendum will help make your landlord duties a bit easier.
Include this Early Lease Termination Addendum into your lease to ensure your tenants know there is a charge if they decide to end the lease early. This form should be included in the lease to guarantee the tenants understand that there will be a fee if he/she decides to terminate the lease before the end date. This document includes everything you would need to communicate to a tenant in this circumstance. This editable Early Termination Addendum serves as what is popularly called a “break clause” for a lease contract.
WARNING: Many U.S. states and Canadian provinces have stringent rules surrounding when, if and how much landlords can charge for an early termination fee. Nonetheless, if state/province regulations permit it, this addendum may be used as a rider alongside the lease agreement so that the landlord may permit the tenant to be released from a rental agreement before the end of the contract term, under special conditions.
This addendum is provided to a tenant by a landlord when both parties agree to specified terms in the event a tenant needs to end a lease prior to the end date. This form provides a written option for a tenant to “break a lease” after that tenant has met the conditions provided by the landlord. Usually this is document that is attached to a lease when a tenant executes the lease. However, it can also be provided after a lease is signed or even during a lease term provided that both parties agree to the terms, and it meets or exceeds the state or province’s requirements.
Include this Early Lease Termination Addendum into your lease to ensure your tenants know there is a charge if they decide to end the lease early. This form should be included in the lease to guarantee the tenants understand that there will be a fee if he/she decides to terminate the lease before the end date. This document includes everything you would need to communicate to a tenant in this circumstance. This editable Early Termination Addendum serves as what is popularly called a “break clause” for a lease contract.
WARNING: Many U.S. states and Canadian provinces have stringent rules surrounding when, if and how much landlords can charge for an early termination fee. Nonetheless, if state/province regulations permit it, this addendum may be used as a rider alongside the lease agreement so that the landlord may permit the tenant to be released from a rental agreement before the end of the contract term, under special conditions.
This addendum is provided to a tenant by a landlord when both parties agree to specified terms in the event a tenant needs to end a lease prior to the end date. This form provides a written option for a tenant to “break a lease” after that tenant has met the conditions provided by the landlord. Usually this is document that is attached to a lease when a tenant executes the lease. However, it can also be provided after a lease is signed or even during a lease term provided that both parties agree to the terms, and it meets or exceeds the state or province’s requirements.