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Termination clauses set the terms and conditions surrounding a contract cancellation that doesn't result in penalties. These rules typically address who may cancel the contract and for what reasons. Negotiate these terms carefully with an attorney to ensure that they are enforceable and fair.
Yes, some residential lease agreements do need to be notarized in Washington. Leases for a duration exceeding one (1) year must be notarized in order to be valid for the entire duration of the lease (WA Rev Code § 59.18. 210). Leases for less than one year are not required to be notarized.
If a tenant wishes to dispose of its interest in a commercial property, it will need to assign its lease. If the lease contains no provisions dealing with alienation, the tenant will be free to deal with it as it wishes.
Lease Termination Clause In general words, the landlord releases the tenants from any future obligations, and the tenants surrender the premises. Keep in mind that the landlord may still be able to charge an extra rent amount or fee for early termination.
Twenty days' notice is typically required to end a month-to-month lease. In most cases, either party in a month-to-month lease in Washington must give notice to end the agreement at least 20 days before the last day of the rental payment period. The notice must be in writing and include the lease end date.