Early Lease Termination - Revision history

VJetton at 16:38, 8 October 2025

2025-10-08T16:38:33Z

Mherman: /* The Process */

2023-04-13T19:04:19Z

‎The Process

Mherman at 19:51, 29 April 2019

2019-04-29T19:51:25Z

Awoods: Created page with "Your Apartment Lease does not provide any option for early termination. We will, however, make an exception provided you meet the following criteria. Remember, you are still o..."

2013-10-24T19:08:05Z

Created page with "Your Apartment Lease does not provide any option for early termination. We will, however, make an exception provided you meet the following criteria. Remember, you are still o..."

New page

Your Apartment Lease does not provide any option for early termination. We will, however, make an exception provided you meet the following criteria. Remember, you are still obligated to the lease even if you are not living at the apartment anymore, until the following criteria are met and you have received a lease termination letter from us:

== The Process ==
<ol style="line-height: 19.90625px; margin: 0.3em 0px 0px 3.2em; padding: 0px; list-style-image: none; color: rgb(0, 0, 0); font-family: sans-serif; font-size: 13px;">
<li>You must notify us of your intentions at least 30 days prior to your expected termination date by [https://app.propertyware.com/pw/portals/dcom/tenant!addLeaseConversation.action sending a request to the manager]. We will furnish you with a Lease Term Reduction Packet in PDF format.</li>
<li>You must identify a replacement leaseholder at your own time and expense. This includes all advertising and showing of the apartment. The replacement leaseholder must:<ol style="line-height: 1.5em; margin: 0.3em 0px 0px 3.2em; padding: 0px; list-style-image: none;">
<li>Rent the apartment for the current market rate, unless we state differently in writing. This rate may be more than you are currently paying. See Lease Term Reduction Packet for more details.</li>
<li>Apply, pay an application fee (currently $35/applicant and $18/cosigner), and be approved through the same application process you were approved through (the manager can furnish you with a link to the proper online application).</li>
<li>Sign our current lease with a term that meets these criteria:<ol style="line-height: 1.5em; margin: 0.3em 0px 0px 3.2em; padding: 0px; list-style-image: none;">
<li>Is a minimum length of 6 months.</li>
<li>Is at least as long as the remainder of your lease period.</li>
<li>Must end between the months of March and September.</li>
</ol></li>
</ol></li>
<li>You must pay us an early termination fee of $875 if there is 6 or more months left in your initial lease period, or $525 otherwise.</li>
<li>If your rent was discounted in exchange for a lower lease term, and you intend to terminate early during that term, you must reimburse us the entire discount received.</li>
<li>If you are receiving a promotional discount, you must reimburse us the entire promotional discount received for a maximum of twelve preceeding months.</li>
<li>All leaseholders must sign and date the termination agreement found in the Lease Term Reduction Packet, and the original agreement delivered to us via first‐class U.S. mail once a new leaseholder has been approved by us and a start date has been determined.</li>
<li>There must be a replacement tenant with a signed lease, the early termination fee must be collected and processed, and we must receive the original termination agreement from you before we will agree to the termination.  The termination will be effective the date the replacement tenant starts their lease, unless we’ve stated otherwise in writing.</li>
<li>Please see the Lease Term Reduction Packet for more details.</li>
</ol>

== Notes ==
<ul style="line-height: 19.90625px; list-style-type: square; margin: 0.3em 0px 0px 1.5em; padding: 0px; list-style-image: url(http://downtownian.com/handbook/extensions/FCKeditor/css/bullet.gif); color: rgb(0, 0, 0); font-family: sans-serif; font-size: 13px;">
<li>If you have any roommates who are also on the Apartment Lease, they must also be amenable to the termination prior to our approving it. If your roommate would like to remain and the lease be adjusted to remove you, there will be a $50 clerical fee charged to the account to cover the cost of processing a replacement lease agreement. See [[Changing Roommates|Changing Roommates]] for additional information.</li>
<li>If your apartment is in poor condition, it may delay the move-in date of the replacement renter (and your termination date), as we do not allow an apartment to be moved into unless it is completely cleaned and otherwise repaired.</li>
<li>Your rent must be paid in full through the end of the month in question, including all utilities owed, before we will agree to the termination. Any prorated amount for that month will be returned to you by mail once the new lease is signed and your lease is terminated.</li>
<li>Please note that we do not allow subletting under any circumstances. For more information, see [[Subletting Your Apartment|Subletting Your Apartment]].</li>
</ul>

[[Category:Rules_and_Regulations|Rules_and_Regulations]]

← Older revision		Revision as of 16:38, 8 October 2025
Line 31:		Line 31:
	</ul>		</ul>

−	[[Category:~~Rules_and_Regulations\|~~Rules_and_Regulations]]	+	[[Category:Rules_and_Regulations]]

@@ Line 7: / Line 7: @@
 <li>Rent the apartment for the current market rate, unless we state differently in writing. This rate may be more than you are currently paying. See Lease Term Reduction Packet for more details.</li>
 <li>Apply, pay an application fee (currently $35/applicant and $18/cosigner), and be approved through the same application process you were approved through (the manager can furnish you with a link to the proper online application).</li>
-<li>Sign our current lease with a term that meets these criteria:<ol style="line-height: 1.5em; margin: 0.3em 0px 0px 3.2em; padding: 0px; list-style-image: none;">
+<li>Sign a new lease with a term that meets these criteria:<ol style="line-height: 1.5em; margin: 0.3em 0px 0px 3.2em; padding: 0px; list-style-image: none;">
 <li>Is a minimum length of 6 months.</li>
 <li>Is at least as long as the remainder of your lease period.</li>
 <li>Must end between the months of March and September.</li>
 </ol></li>
 </ol></li>
 <li>You will be required to pay us an early termination fee of $875 if there is 6 or more months left in your lease period, or $525 otherwise.</li>

@@ Line 3: / Line 3: @@
 == The Process ==
 <ol style="line-height: 19.90625px; margin: 0.3em 0px 0px 3.2em; padding: 0px; list-style-image: none; color: rgb(0, 0, 0); font-family: sans-serif; font-size: 13px;">
-<li>You must notify us of your intentions at least 30 days prior to your expected termination date by&nbsp;[https://app.propertyware.com/pw/portals/dcom/tenant!addLeaseConversation.action sending a request to the manager]. We will furnish you with a Lease Term Reduction Packet in PDF format.</li>
+<li>You must notify us of your intentions at least 30 days prior to your expected termination date '''in writing''' by mailing it to Management Center, P.O. Box 4883, Baltimore, MD 21211. We will contact you with additional information on how to start the process.</li>
-<li>You must identify a replacement leaseholder at your own time and expense. This includes all advertising and showing of the apartment. The replacement leaseholder must:<ol style="line-height: 1.5em; margin: 0.3em 0px 0px 3.2em; padding: 0px; list-style-image: none;">
+<li>You will be required to identify a replacement leaseholder at your own time and expense. This includes all advertising and showing of the apartment. The replacement leaseholder must:<ol style="line-height: 1.5em; margin: 0.3em 0px 0px 3.2em; padding: 0px; list-style-image: none;">
 <li>Rent the apartment for the current market rate, unless we state differently in writing. This rate may be more than you are currently paying. See Lease Term Reduction Packet for more details.</li>
 <li>Apply, pay an application fee (currently $35/applicant and $18/cosigner), and be approved through the same application process you were approved through (the manager can furnish you with a link to the proper online application).</li>
@@ Line 13: / Line 13: @@
 </ol></li>
 </ol></li>
-<li>You must pay us an early termination fee of $875 if there is 6 or more months left in your initial lease period, or $525 otherwise.</li>
+<li>You will be required to pay us an early termination fee of $875 if there is 6 or more months left in your lease period, or $525 otherwise.</li>
-<li>If your rent was discounted in exchange for a lower lease term, and you intend to terminate early during that term, you must reimburse us the entire discount received.</li>
+<li>If your rent was discounted in exchange for a lower lease term, and you intend to terminate early during that term, you will be required to reimburse us the entire discount received.</li>
-<li>If you are receiving a promotional discount, you must reimburse us the entire promotional discount received for a maximum of twelve preceeding months.</li>
+<li>If you are receiving a promotional discount, you will be required to reimburse us the entire promotional discount received for a maximum of twelve preceeding months.</li>
-<li>All leaseholders must sign and date the termination agreement found in the Lease Term Reduction Packet, and the original agreement delivered to us via first‐class U.S. mail once a new leaseholder has been approved by us and a start date has been determined.</li>
+<li>All leaseholders must sign and date a Lease Termination Agreement furnished by us, with the original agreement delivered to us via first‐class U.S. mail once a new leaseholder has been approved by us and a start date has been determined.</li>
 <li>There must be a replacement tenant with a signed lease, the early termination fee must be collected and processed, and we must receive the original termination agreement from you before we will agree to the termination. &nbsp;The termination will be effective the date the replacement tenant starts their lease, unless we’ve stated otherwise in writing.</li>
-<li>Please see the Lease Term Reduction Packet for more details.</li>
+<li>Early termination is not guaranteed under the Apartmetnt Lease.  We reserve the right to deny any early termination request at our sole discretion.</li>
 </ol>