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Lease Termination Penalty Unspecified

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Old 04-17-2008, 04:28 PM     #1
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Exclamation Lease Termination Penalty Unspecified

5. Tenant further agrees that:
e. Tenant shall give a minimum of two (2) months notice to terminate this lease.


Providing I give two months notice, does the above clause permit me to:
(1) terminate without cause and
(2) terminate without penalty?

*When would the 2 months officially date from? The DAY of notice? Or the end of the month of notice?


THANK YOU!

Last edited by lah08 : 04-17-2008 at 04:29 PM.
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Old 04-18-2008, 12:57 PM     #2
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Default Re: Lease Termination Penalty Unspecified

Simple answers are NO and NO. Your lease clearly states it is a 12 month lease. You cannot terminate for no cause without penalty. This clause simply means that you must give 2 months of notice to vacate at the end of the lease term or after. Give notice by 1/1/ to leave on 3/1.
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