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Assigning a lease: transferring it to someone new If a tenant wants to move out before the lease expires and does not plan to return, he or she can assign the lease to another person, who will then become the tenant. Assigning a lease transfers all the tenant's rights and obligations to another person.

Consider Life Expectancy of Your Systems and Functions Air conditioning units and water heaters live for about 10 years before they need major repairs or replacements. Carpeting has a lifespan of between five and seven years. Interior paint is good for three to five years.

It can be difficult, depending on the time of the year to find someone to take over your rent, here are a few things to think about: Try reducing the rent so you would pay the difference. See if your housemates would split the cost of some or all of your rent to have spare room.

2) A suitable replacement tenant is a person/s who the landlord has deemed to be acceptable after an application process has been completed. This can involve obtaining references, credit checks and a suitable guarantor.

For those tenants who wish to terminate their tenancy agreement before the ?FIXED TERM? of their tenancy agreement has expired, this can only be done with the landlord's permission and this will usually involve the signing of a new tenancy contract with a suitable replacement tenant and guarantor.

Are Receipts Required with a Returned Security Deposit If Repairs or Other Items Are Taken Out of the Deposit? Official receipts are not required in Minnesota landlord tenant laws, but the landlord must include a written explanation for any deductions from the deposit.