Legal Question in Real Estate Law in Ohio
Termination of Lease Agreement
I have signed a one year apartment lease in the state of Ohio. The lease does not have a termination clause, only states no less than 30 days notice is required prior to the expiration of the lease. If I buy a house and give 30 days notice 6 months prior to the end of my lease, am I subject to any penalties per Ohio law- even though they are not in the lease?
2 Answers from Attorneys
Re: Termination of Lease Agreement
If you leave prior to the end of the year you may be responsible to pay the rent till the year is up. Further, if you leave prior to the year being up, you can kiss your security deposit goodbye. The 30 day period usually deals with renewal periods or holding over after the end of one year.
Re: Termination of Lease Agreement
If you terminate your lease prior to its expiration, you will be in breach of contract. You and the landlord contracted for twelve months of residency and payment. Unless the landlord is willing to negotiate an early termination, you are responsible to continue paying on your obligation. I suggest you speak to the landlord about your situation. He/she may offer to release you from responsibility when your apartment is re-rented to another tenant. Good luck.
Related Questions & Answers
-
Verbal Agreements Are verbal agreements valid in the sale of real estate? Asked 11/22/01, 6:45 pm in United States Ohio Real Estate and Real Property