Lease Replace Cross For Free

A "relet" means a new tenant is responsible for a unit and pays the landlord. A "sublease" or "sublet" means someone else pays the rent, but the original tenant is still responsible for the rent and damages to the unit.

Instead of changing the actual lease agreement, an addendum is a document added to a lease agreement outlining the prearranged modifications. Once both parties agree with the addendum, each party must sign the document to make it legally binding.

You can, however, negotiate removal of your name from the lease with your landlord as long as your co-tenants agree to the revision to the lease. You may be able to pay a penalty in return for your name being removed, but this is entirely in the landlord's discretion.

In a lease takeover, you take over someone else's lease before it ends, leaving you responsible for the remainder of the lease.Before you agree to a lease takeover, consider possible drawbacks, including a variety of fees and a potentially higher cost of financing than you could get on your own auto lease.

You and your landlord are both bound to the terms of your lease, but nothing lasts forever. While your landlord can't change the terms in the middle of your lease, he can refuse to renew it under the same terms. When your current lease ends, your landlord can offer you a new one with different terms and conditions.

A repair is fixing something that's already there so that it works. A replacement means getting rid of the old thing and getting a whole new thing.

When a landlord and tenant sign a lease agreement it forms a legally binding contract. The lease cannot be altered except through another written agreement signed by both parties unless the original lease specifically gives a party the power to change something on their own.