Easy Mac
10-29-2007, 09:29 PM
So 2 weeks ago I lost my job. My wife has found a potential new job in another city, much better pay and a better job. We're looking to move around the end of next month.
We're looking to get out of our lease, but the terms for cancellation seem a little confusing. Anyone have any idea what its saying?
28. TERMINATION OF A LEASE. If Tenant does not fulfill the entire term stated in this Lease, the Tenant and the Landlord agree that the Landlord shall have the right and be entitled to collect as liquidated damages an amount equal to two (2) months rent, a sum that the parties to this Lease Agreement agree is a reasonable measure of compensation for the probable actual damages resulting from such nonperformance. The amount specified herein as liquidated damages is completely separate from any amount the Landlord may be entitled to under this Agreement by reason of damage to the premises by the Tenant, his family, guests or agents. If premises are re-rented, the Tenant realizes that he is not entitled to any refund.
29. REMEDY AFTER TERMINATION: If the rental agreement is terminated, the Landlord has a right to possession, for rent, and a separate claim for actual damages for breach of the rental agreement, reasonable attorney’s fees, collection costs, and court costs.
Now, I see the two months rent, thats fine, but how does item #29 fit in with this. We plan on giving notice as required by law, but we're trying to figure out if the obligation stops with 2 months rent or if it is more than that? If anyone can help, it would be greatly appreciated.
We're looking to get out of our lease, but the terms for cancellation seem a little confusing. Anyone have any idea what its saying?
28. TERMINATION OF A LEASE. If Tenant does not fulfill the entire term stated in this Lease, the Tenant and the Landlord agree that the Landlord shall have the right and be entitled to collect as liquidated damages an amount equal to two (2) months rent, a sum that the parties to this Lease Agreement agree is a reasonable measure of compensation for the probable actual damages resulting from such nonperformance. The amount specified herein as liquidated damages is completely separate from any amount the Landlord may be entitled to under this Agreement by reason of damage to the premises by the Tenant, his family, guests or agents. If premises are re-rented, the Tenant realizes that he is not entitled to any refund.
29. REMEDY AFTER TERMINATION: If the rental agreement is terminated, the Landlord has a right to possession, for rent, and a separate claim for actual damages for breach of the rental agreement, reasonable attorney’s fees, collection costs, and court costs.
Now, I see the two months rent, thats fine, but how does item #29 fit in with this. We plan on giving notice as required by law, but we're trying to figure out if the obligation stops with 2 months rent or if it is more than that? If anyone can help, it would be greatly appreciated.