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What is the penalty for termination the lease early?

April 26, 2017early lease penalty termination

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What is the penalty for termination the lease early?

1 Answer

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There is an early termination fee of $125.00 should you leave prior to 1 year. This fee is to cover the cost of advertising and releasing the unit. Further, should the landlord be unable to lease your suite, you may be responsible for the rent remaining on your initial Lease Term.