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What is the requirement for termination of a rental period?

1) At least 1 rental period
2) No rental period
3) Multiple rental periods
4) It depends on the rental agreement

User Bonblow
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1 Answer

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Final answer:

The termination of a rental period usually depends on the specific rental agreement, with a standard provision being a 30-day written notice by either party. 'Just cause' must be provided where required by law, and possessions must be vacated, with keys returned to the owner. If possession cannot be delivered, the agreement may be canceled or adjusted to start on the new possession date.

Step-by-step explanation:

The requirement for termination of a rental period typically depends on the rental agreement between the landlord and tenant. According to standard leasing agreements, either party may terminate the lease by providing a 30-day written notice of intention to terminate after the expiration of the leasing period. In cases where laws require a 'just cause' for termination, such reason must be stated in the notice. For the lease to be considered terminated, all of the resident's belongings must be vacated from the premises, and all keys and property provided for the resident's use must be returned to the owner. If the resident does not vacate the property by the end date specified in the notice, they may be liable for additional rent and damages.

In the event that the owner cannot deliver possession of the premises on the agreed date due to certain circumstances like the loss or destruction of the residence or the failure of prior residents to vacate, then either the resident or owner may cancel the agreement with written notice. In such cases, both parties are absolved of liability, and any paid sums shall be refunded. If neither party cancels, the agreement is adjusted to begin on the actual possession date.

User Adore
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