Rhode Island Agreed Termination of Lease and Surrender of Premises

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Multi-State
Control #:
US-849LT
Format:
Word; 
Rich Text
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Description

Agreement allowing for termination of lease and surrender of premises with or without conditions.

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FAQ

Surrender of the lease A lease is surrendered when the tenant's interest is transferred back to the landlord and both parties accept that it will be extinguished. This can be done formally, by deed, but this is not always necessary.

Surrender - If the lease does not contain a break option, it can only be terminated early if the landlord is in agreement with this. This is known as a surrender. It can either be documented in writing, or it can be inferred from the conduct of the landlord and the tenant by "operation of law".

If you have a lease agreement normally you cannot terminate your tenancy unless your landlord is in breach of his/her obligations, there is a break clause in your lease or both you and your landlord agree at the time to end the tenancy.

Termination is effective no earlier than 45 days after the first rental payment due date following delivery of written notice of termination (§ 34-18-15(e)). Required Notice before Entry: At least two days' notice, and entry is allowed only at reasonable times (A§ 34-18-26(c)).

There is no obligation on a landlord to accept a surrender of a commercial lease and landlords will often only do so if there is a benefit in getting possession of the property back early.

Lease Termination Notice Requirements in Rhode IslandNotice to Terminate a Week-to-Week Lease. 10-day written notice before the termination date specified in the notice.Notice to Terminate a Month-to-Month Lease. 30-day notice before the date specified in the notice.Notice to Terminate a Yearly Lease with No End Date.

To terminate a lease in Rhode Island, the tenant must provide sufficient notice, which is based on the frequency of payments for their lease: Week-to-Week: 10 days notice. Month-to-Month: 30 days. Quarter-to-Quarter: No Statute.

Lease Violation If a lease violation occurs, then the landlord may issue a 20-Day Notice to Comply. If the terms of the lease are not met within the notice period, then the landlord may pursue formal eviction.

Surrendering by operation of law takes place when a new lease is signed or when the tenant abandons the property and the landlord takes possession. In both cases, the landlord takes over the property after the tenant has moved out.

Surrender clause refers to a lease clause whereby the lessee is given the privilege of surrendering his rights and terminating his liability upon the giving of a stipulated notice or the payment of a designated sum of money, or, in some cases, without either of these formalities.

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Rhode Island Agreed Termination of Lease and Surrender of Premises