Posted by Jeff on June 11, 1997 at 19:49:00:
I'm seeking advice regarding my financial obligation to my Landlord due to
the early termination of my lease. I live in NYC and must relocate to
another city at the end of July. Thus, I must terminate my lease 7 months
early. My lease says that I must give 90 days notice. However, I have
given only abut 60 days notice.
Given the thriving NYC rental market right now, the Landlord will not have any
trouble renting my apartment for more than I am paying now. If they cannot,
however, I understand that I am responsible for the rent until another
tenant is found. Nevertheless, in the termination agreement my landlord
sent me, they are requiring a termination fee of one month's rent, an "administration"
fee of $500 and the cleaning/painting costs.
Am I obligated to pay these expenses/fees? What is the landlord's recourse if I
opt not to pay them? In that event, I would let them keep my security deposit as my last
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