Breaking a Lease

Breaking a Lease

Breaking a Lease

A lease is a legally binding document with sets out the terms of contract of a lease between the landlord and the tenant. So with this in mind, make sure to read and be staisified with the terms of your lease before signing it. When signed, you are agreeing to lease a property for the term stipulated (e.g. 1 year) and for the amount to be paid (e.g. €1500) at the stated interval (e.g. per calendar month).

Your lease obligates you to cover the entire term of whatever rental period you agreed to. So if you end your lease six months early, you may owe six times your monthly rent, or more if other fees are involved.

Our best advise for tenants and landlords alike is to simply, where possible, avoid breaking a lease. Remember that breaking a lease is easy however paying the consequent penalties won't be...If you do decide to end your lease early, it’s essential to know what is involved.

Here are a few ways to help both tennant and landlord in this situation:

 

Give lots of notice

If you have chosen not to renew a lease, you need to give at least 30 days notice to the landlord before it ends. Check your lease to make sure, because it may require more notice. If you're sure you're going to have to break your lease, then consider simply talking with the landlord or letting agent and see if you can come up with an amicable solution.

 

Know the law or seek advice

The relevant laws provide to protect both tenants and landlords alike. Consult an expert and the RTB to determine your rights and responsibilities.

 

Be prepared to pay or provide a solution

If your break a lease for reasons which are not provided for under the law, you must check your lease to determine what cost you can expect to pay. You may be required to pay the remaining rent for the remainder of the lease period and you may not get your deposit back.

Breaking a lease creates a financial burden and both parties should be interested in resolving things efficiently. Consider, if both parties allow it, to find a third party to sublet or assume the responsibilities of the current lease or rent with a new lease altogether.

 

Document all communications

Be sure to have every conversation conderning breaking the lease in writing. Email is the easiest way to document, but if you have face-to-face or phone interactions, make sure you take notes and email your landlord to confirm the details. This may help avoid miscommunication between parties or bolster your case should the issue escalate.

 

Seek expert legal advice

Navigating rules and laws can be challenging. If you think you need advice, consult a legal expert who specializes in your legal rights.

 

References: Citizens Information, RTB

 

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