When and how can the lease be terminated, and what obligations are connected to it? Read all about such situations in this article.
—
When and how can the lease be terminated, and what obligations are connected to it? Read all about such situations in this article.
—
There is a legal difference between withdrawing from a contract and terminating or ending one. (Read more about withdrawing here).
Either side can terminate a contract.
If a tenant cannot or does not want to move in on the date written on the lease agreement, then he or she may terminate the contract unilaterally without giving any reason.
In this case, there is no notice period, and it is effective as soon as you are notified about the termination. Cancellation policy according to your offer preferences is applied to the lease agreement (the information about type of cancellation policy can be found in the reservation request, in the offer detail at Flatio or in My Rentals web app).
If for some reason you also decide to use the housing for your own needs, you can unilaterally terminate the contract without giving a reason by giving notice before it begins.
Again, there is no notice period and termination is effective at the moment of delivery (ie immediately as soon as the tenant is notified about the termination), subject to the general cancellation policy.
The tenant is entitled to a full refund of the first rent in all the following conditions.
It is important to mention that this general cancellation policy apply even if you have set neighborly or friendly cancellation policy for your offer - these policies only apply to termination by the tenant.
In case you would like to terminate the contract from any reason, contact our customer support ([email protected]) who can make this happen.
There are various circumstances that allow either party to terminate the agreement after the lease has begun. The lease agreement lists the reasons and circumstances when this may occur. For example, if one party’s rights and obligations have been violated.
The procedure for terminating a contract is similar in all cases, no matter the reason for seeking termination. You can perform all the actions in My Rentals.
You will see the following notice options in accordance with your lease agreement:
“By mutual agreement” means that you and the tenant both agree to end the contract. For example, if you agree with the tenant today that you will terminate the contract tomorrow, select “By mutual agreement”. The system will ask you for the termination date and the reason for termination. After pressing Save, the tenant will create an amendment in the system, which must be signed using the online authorization code. When the tenant signs, the system will notify you and the rent owed will be recalculated automatically according to the new termination date. The contract will be canceled on your agreed date without further notification.
The tenant can terminate the rental contract without giving a reason with a standard 30-day notice period. There are two ways to do this:
You can also terminate a lease agreement with a 30-day notice period and without giving any reason. You may notify the tenant either verbally or in writing, but you also need to terminate the rental agreement on the Flatio system through My Rentals.
You may also terminate a lease agreement for gross violation with a 3-day notice period, which may include:
Termination for gross violation without notice (ie immediately effective) is then possible when you suspect that there is a risk of serious damage to the rented space or its equipment.
Whatever the reason is, it is advisable to contact our customer support ([email protected]) and discuss the matter before giving notice for gross violation.