fixed term without telling your landlord, but it is best to do so, especially if you have paid a deposit.Check your tenancy agreementif you want to leave before the end of the fixed term. It may allow you to give notice and end the tenancy early. This is known as a 'break clause'...
What is the purpose of the incontestable clause? What is the term return on assets? Briefly explain ownership securities. Describe the basic features of each of the following bonds: Mortgage bonds. What is the difference between a repurchase agreement and a reverse repurchase agreement?
What is the role of a guarantor? What is a personal guarantee on a commercial lease? What would happen under the contract if the lessee assigned the lease? What are the liabilities of a trustee in a trusteeship? What does a personal guarantee clause mean? What happens if you break a leas...
if the lease is for 12 months and the other tenant moves out three months in, the remaining tenant will be required to pay for the remaining nine months. Joint and several liability, a legal term meaning that one tenant can be held liable for the entire agreement, results...
However, this doesn't necessarily apply to ending tenancy early. If you break your lease early, you may forfeit your security deposit or be responsible for paying some or all of the remaining rent due under the lease. Be sure to check your lease agreement for any clause that outlines what...