Terminating a 12-Month Condo Lease in Singapore (Without Break Clause)
It can be frustrating if you need to break a lease unexpectedly. Here's what you should know about your situation:
Understanding Break Lease Clause: Most leases don't have a break-lease clause, meaning you're obligated to fulfill the entire 12-month term.
Options to Consider:
Negotiate with Landlord: Open communication is key. Explain your situation to the landlord and see if they're willing to terminate the lease early. They might be open to finding a replacement tenant, potentially with some compensation from you for any inconvenience caused.
Find a Replacement Tenant: Proactively look for a replacement tenant yourself. This might help ease the burden on the landlord and increase your chances of getting released from the lease early.
Explore Early Termination Fees: Some leases might have a clause outlining early termination fees. Review your lease agreement to see if this applies. While not ideal, it could be an option if reaching an agreement with the landlord isn't possible.
Important Considerations:
Early Termination Costs: Be prepared for potential costs associated with early lease termination, such as forfeited rent or agent fees if applicable.
Notice Period: Even if you reach an agreement with the landlord, you'll likely still need to provide them with reasonable notice to find a replacement tenant (typically one month).
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