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Breaking a lease usually means paying between one and two months of rent as a penalty. Try these tips to reduce?or eliminate?your penalty fee. If you want to break a lease in Massachusetts without paying a penalty fee, you'll need to study up state laws and double-check your lease.

Landlords are generally prohibited from locking a tenant out of the premises, from taking a tenant's property for nonpayment of rent (except for abandoned property under certain conditions), or from intentionally terminating a tenant's utility service. Various penalties exist for violating these protections.

Early termination is when a customer wishes to terminate their lease contract early before the end of the contracted term. With an early termination, the customer arranges with the finance provider to return the vehicle early for a set fee which is calculated by the funder.

I am writing to propose a renewal of the lease agreement for an additional [Length of Renewal]. The renewal terms would remain the same, including the monthly rental amount of [Rental Amount]. If you agree to renew the lease, we can execute a new lease agreement on or before the expiration date of the current lease.

The early termination charge is typically the difference between the balance remaining on the lease (lease payoff amount) and the amount credited for the vehicle (realized value of the vehicle).

Lease Termination means any event, which by voluntary or involuntary act or by operation of law, causes the Lease to be terminated, cancelled, rejected in bankruptcy, insolvency, reorganization or other such proceedings, foreclosed against, or otherwise come to an end, including but not limited to: (i) a default by ...