How can I terminate a rental contract

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It is very likely that it has crossed your mind to leave the rental apartment you are in and start looking for a better one. But, first of all, there are several points that you should take into account so that you are not penalized, starting with knowing what the lease contract says. Today we explain the cases, both of tenant and owner, so that you can terminate the rental contract


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How does a rental contract work i
If you sign a rental contract, the most common thing is that it is drafted according to the model of the Urban Leases Law of although what has been agreed between the landlord and tenant always prevails. That is why it is so important to read the contract carefully to ensure that all the clauses are those agreed upon or regulated by the LAU. These are the basic points of a rental contract :

The duration is 5 years if it is an individual and 7 years if it is a company.
The contract is automatically renewed after 5 or 7 years if neither of the two parties has expressed their willingness to terminate the contract.
The annual extension up to a maximum of 3 years.
terminate a rental contract

How can I terminate a rental contract?
Now that we know the basic regulations of a rental contract, we are going to Chinese Overseas America Number Data explain how you can terminate the contract without penalties.

Terminate a rental contract if you are a tenant
If you are the tenant, it is important that you remember that you cannot terminate the contract before 6 months , otherwise, you will have to pay a penalty, which may be: losing the deposit and/or having to cover the remaining months until the half-year.

To be able to end the rental without having problems, it is best to terminate once half a year has passed, then you will only have to give 30 days' notice to the owner. Another alternative is to wait for the years of the contract to expire and notify the owner that you do not want to renew.

You can also terminate the contract if the owner refuses to make the necessary repairs for the habitability of the property, you can leave and recover the deposit.



Terminate the contract if you are the landlord
If you are the owner, it will be somewhat more complicated to terminate the contract, but there are situations in which you can do so:

Personal use. If you need the property for personal use or for a first-degree relative, as long as one year has passed since the signing and it is stipulated in the contract. In addition, it will have to be included in the contract and you will have to notify the tenant two months in advance.
Non-payment of rent. If the tenant begins to  not pay the rent for two consecutive months or in one year does not pay the rent 3 times, even if it is not consecutive, it will be reason to terminate the contract.
Breach of contract. In case the tenant is causing damage and/or coexistence problems with the neighbors.