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pre termination of leased contract

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1 pre termination of leased contract on Wed May 10, 2017 12:23 am

milanbimendra


Arresto Menor
Atty. Need po ng legal advice. Pre termination of lease contract 6months remaining with 3mon security deposit. Ayaw mgbgay n po out permit for furniture and appliances at the thick glass divider dun s unit. My habol po b c tenant? salamat po

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2 Re: pre termination of leased contract on Wed May 10, 2017 6:49 pm

betchay001


Reclusion Perpetua
What does contract say about pre termination?

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3 Re: pre termination of leased contract on Thu May 11, 2017 10:01 am

milanbimendra


Arresto Menor
Thanks for immediate reply po. Heto po yun term s contract. The lease shall be for two (2) years, commencing on September 21, 2015 and extendable for another period upon mutual agreement. Provided that: 4.2.1 the LESSEE is not in default of any provision of this Lease Contract; 4.2.2 the LESSEE gives written notice of its intent to the LESSOR at least three (3) months prior to the expiration of the term of this Lease Agreement. Failure to give three (3) months prior notice shall be ground for forfeiture of security deposit. The LESSEE is allowed the option to pre-terminate this Lease Agreement upon strict compliance with the following conditions : Written notice is given to the LESSOR at least three (3) months prior to the intended termination date; and the LESSEE pay the LESSOR a pre-termination penalty payment amount equivalent to the number of months shortfall to the period of lease stated in this lease contract as liquidated damages plus the forfeiture of the security deposit. Such pre-termination penalty can be waived if an immediate replacement LESSEE (acceptable to the LESSOR) can be found to take over the remaining shortfall lease period and able to continue the rent payments and other obligations to LESSOR without disruption

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4 Re: pre termination of leased contract on Thu May 11, 2017 10:04 am

milanbimendra


Arresto Menor
The estimated cost for renovation and thick glasses used is around a million excluded the furnitures and appliances. Paano po b m pull out ni tenant un? Is it possible if a friend or relative continue the rent for 6 remaining months, is it considered finish contract and we can get pull out permit from lessor?

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5 Re: pre termination of leased contract on Thu May 11, 2017 10:07 am

milanbimendra


Arresto Menor
No formal letter has been signed yet for pre termination it was an email sent that we will stop renting the unit for some reason. Thank you very much for taking time in our case

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