Apartment Lease Buyout Letter at Sample Letters

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Apartment Lease Buyout Letter. The intent to leave apartment letter, also known as the intent to vacate, is a standard letter that should always be written 30 days prior to moving from a rental. In most cases, it's the tenant asking the landlord what he needs to pay to get out of the lease early.

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I will be moving out on (date). Often landlords ask for the first and last month’s rent with a security deposit equivalent to another month’s rent. As the end of your lease term approaches, you and your tenant may choose to renew for another term or end the lease agreement.

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Contents of a termination of lease letter. An early lease termination letter is a formal request by the landlord or tenant to cancel a current and existing lease. Lessee will have the right after the second (2nd) lease year to buyout and terminate the lease upon one hundred eighty (180) days written notice and payment of two hundred fifty thousand dollars ($250,000.00) to lessor. The fee essentially replaces the need for you to have to pay for the entire term of the lease.