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Save Cancellation of Lease Agreement Template in Excel

Save Cancellation of Lease Agreement Template in Excel

Aug 6th, 2022

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How to Save Cancellation of Lease Agreement Template in Excel

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If you're a tenant unable to fulfill your tenancy agreement due to financial difficulties, here are three ways to avoid paying the full rent or losing your deposit. First, consider doing an 'ovation'—finding a new tenant to take over your lease, with your landlord's consent. This is often favorable for landlords as it saves them the trouble of finding a replacement. Second, although you can sublet the property to another tenant, it's not recommended because landlords typically won't sign a valid agreement with the new subtenant. This leaves you liable for any unpaid rent by the subtenant, making you responsible for rent arrears.

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