Tenancy Agreement With Break Clause
Description
How to fill out California Residential Landlord Tenant Rental Lease Forms And Agreements Package?
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FAQ
Notice must be served ? the form of notice that is required to operate a break clause will be set out in the lease. The clause covering this should include what wording is necessary and how much time in advance the notice should be served to make the break clause work.
Fixed term tenancies The tenancy agreement will tell when the break clause can apply. For example, the break clause might say the tenant can end the tenancy 6 months after it starts if gives 1 month's notice.
The presence of break clause provisions in an agreement offers a significant benefit to tenants as it allows for flexibility to react to market conditions and changing needs by terminating the lease early without having to wait until the end of the agreement date.
A break clause allows both you and the landlord to give notice to end the tenancy early. There's no standard format for a break clause. In most cases you can only use the break clause on or after a certain date.
Assuming you are using the standard OpenRent contract that has a fixed term of 6 months and a break clause at 4 months, the break clause will work in the following way: Tenant or landlord will give notice to the other party on or before the 4 month point of the fixed term by giving 2 months' notice.