Breaking a 12-month tenancy agreement can be a tricky and complicated matter. If you are considering breaking your tenancy agreement, it is important to understand your legal rights and any potential consequences.
Firstly, it is important to review your tenancy agreement thoroughly to see if it contains any clauses or terms related to early termination. In some cases, a tenancy agreement may allow termination before the end of the fixed term with certain conditions such as giving a specified amount of notice or paying a fee.
If your tenancy agreement does not allow termination before the end of the fixed term, you may still have options. One option is to negotiate with your landlord or property management company. They may allow you to end your tenancy early if you can find a suitable replacement tenant or agree to pay a fee.
Another option is to consider subletting or assigning your tenancy to another person. However, it is important to note that this may also require the approval of your landlord or property management company and may result in additional fees.
If you cannot come to an agreement with your landlord or property management company and choose to break your tenancy agreement without their consent, there may be legal consequences. Your landlord may take legal action to recover the rent owed for the remainder of the fixed term, and you may lose your security deposit.
In addition to legal consequences, breaking your tenancy agreement can have a negative impact on your credit score and rental history, making it more difficult to secure future rental properties.
In conclusion, breaking a 12-month tenancy agreement is possible but should be done with caution. It is important to review your tenancy agreement and understand your legal rights and any potential consequences before making a decision. If you are considering breaking your agreement, it is recommended to seek legal advice or negotiate with your landlord or property management company to find an amicable solution.