Early lease exit penalties: how much is really fair?
A landlord needs to be committed to finding a new tenant within a 20 business-day period
21 September 2020 - 13:41
The thorny issue of what lease cancellation penalty a landlord can charge a tenant if he or she gives notice to exit the lease early, has become a hot potato during the Covid-19 pandemic.
Peter Mennen, head of Legal at TPN Credit Bureau, says lease cancellation penalties have been a bone of contention between landlords and tenants since the Consumer Protection Act came into operation in 2008...
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