As a tenant, you may find yourself in a situation where you need to leave your rented property before the end of your tenancy agreement. This can be due to various reasons such as job relocation, family emergencies or financial difficulties. However, breaking a tenancy agreement is not as simple as just packing your bags and leaving.
Here is a guide on how to get out of your tenancy agreement:
1. Read your tenancy agreement carefully
Before taking any action, make sure you understand your tenancy agreement. This will help you determine the notice period required for ending your tenancy agreement. Most agreements require tenants to give a notice period of one month or more before leaving the property.
2. Talk to your landlord
It’s important to communicate with your landlord about your situation. They may be able to offer a solution such as finding a new tenant, allowing you to sublet or making adjustments to the rent payment schedule. If you have a good relationship with your landlord, they may be understanding and willing to negotiate.
3. Check for break clauses
Some tenancy agreements may have a break clause which allows tenants to end the agreement before the fixed term. Check your agreement for any break clauses and read the terms carefully. If there is a break clause, ensure that you follow the terms for ending the tenancy agreement.
4. Find a replacement tenant
If your landlord agrees, you may be able to find a replacement tenant to take over your tenancy. This is known as assigning the tenancy. The new tenant will take on the remaining term of the agreement and pay rent to the landlord.
5. Consider a surrender agreement
A surrender agreement is a legal document that allows the tenant and landlord to end the tenancy agreement by mutual agreement. This may involve paying some compensation to the landlord for ending the tenancy early. However, this option should only be considered if all other options have been exhausted.
Breaking a tenancy agreement can have legal consequences and impact your credit score, so it is important to take the necessary steps to terminate your tenancy agreement legally. Always communicate with your landlord and seek legal advice if necessary. By following these steps, you can make the process easier and ensure a smooth transition out of your rented property.