QUESTION
Do I have to pay an early termination fee if I did not renew my lease?
Asked on Mar 28th, 2012 on Business Law - Alabama
More details to this question:
My lease was up in June 2011. Now my landlord is saying since i didnt renew my lease they automatically renewed it, saying thats their policy. Since I didnt renew my lease I was suppose to pay an extra fee per month and I was not informed about that. Now their saying I have to pay an early termination fee since technically I am breaking my lease.
1 ANSWER
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Generally speaking, when a tenant "holds over" following the end of a lease term, the tenant's occupancy is on a month-to-month basis. You should carefully review the terms of your lease and determine whether you and the landlord have varied this result by agreement, which it is possible to do. Leases do not generally "automatically renew" unless the parties intend that result and manifest it through their words, writings and actions. If in doubt, see an attorney.
Answered on Apr 04th, 2012 at 3:23 PM