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This document is a formal notice from a tenant to the landlord indicating the tenant's decision to terminate a year-to-year lease. The tenant provides a three-month notice period before vacating the premises, ensuring compliance with applicable laws and preserving their rights under the lease agreement.

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How can I break my lease without penalty in NY?

If you have one lease agreement, then one person giving notice ends the agreement for both. In that case, the remaining tenant would need to sign a new agreement with the landlord individually (assuming they still qualify) or with a new co-tenant. There are no fees to the existing tenant.

What happens if only one person wants to break the lease?

Breaking a lease doesnt impact your credit unless you fail to pay any lease-breaking fees or remaining payments due as spelled out in your leases contract. You should read your contract to see what those are and decide if youre willing to pay them.

Do both tenants have to agree to break a lease?

Mutual Agreement to Terminate lease. All of the parties on the lease would need to sign that new termination agreement, in order for it to be valid. The landlord doesnt have to choose to sign, but it might be worth it for them to do so.

What does terminated lease mean?

Termination means ending the lease contract, which can occur at the end date of the lease, or earlier, depending on how the lease is written. Default is an omission or failure by either Party to meet a provision of the lease.

Can only one roommate break a lease?

If a co-tenant wants to leave before the end of the lease period, they should notify the landlord and get their permission. Otherwise, the other co-tenants can try to replace them with a new tenant who meets the landlords standards.

What happens if you break up with someone you share a lease with?

To request the removal of a name from your lease, the remaining tenant(s) and the departing co-tenant should send a certified letter to the landlord. The landlord should always check that the person whose name is being removed wants to be taken off.

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