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a month notice to break a lease

Started by projects_suck
over 12 years ago
Posts: 72
Member since: Jan 2009
Discussion about
is it common to negotiate a lease with option to terminate it with a month notice? anyone has experience with this?
Response by REMom
over 12 years ago
Posts: 307
Member since: Apr 2009

Two friends have tried unsuccessfully to do so. They both got options to terminate with two months notice and payment of two months rent as penalty. Security deposit returned after unit vacated broom clean.

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Response by Consigliere
over 12 years ago
Posts: 390
Member since: Jul 2011

Common to negotiate, possibly.

Common to be successful, negative.

Unless you are negotiating directly with the owner or small management company, they won't likely add this to the lease.

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Response by alanhart
over 12 years ago
Posts: 12397
Member since: Feb 2007

Everything's negotiable -- what kind of premium are you willing to pay over normal rent, and what minimum stay are you offering?

If you want a one-year lease with six-month guarantee from your side, and you offer a 60% premium over normal rent, I think you'll find plenty of takers.

If by "negotiate" you mean offering nothing substantial in exchange for the clause, then definitely not.

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Response by Ottawanyc
over 12 years ago
Posts: 842
Member since: Aug 2011

I have something like this with a tenant. But it is a two month escape clause, that either party can trigger and this was after two one-year leases. One month is unreasonably short.

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Response by SMTSay
over 12 years ago
Posts: 15
Member since: Oct 2012

Exactly, Alanhart. I let my tenants go m2m for a premium. Usually around 20-30%. It's either that or me saying 'No"...

https://twitter.com/SMTSay

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Response by projects_suck
over 12 years ago
Posts: 72
Member since: Jan 2009

thanks all. can anyone any site which specializes in short term (m2m) rentals?

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Response by JohnBrown
about 12 years ago
Posts: 0
Member since: Nov 2013

I also hearded that you need 2 months not one. But if you are a good speaker you can talk to the landloard to discuss all the details. Who knows, maybe he'll agree!

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