For LandlordsFor Tenants

What Happens To Early Termination of Tenancy

There are cases where you either as a tenant or landlord will want or have to terminate your agreement earlier than expected. Whether due to work relocation or personal reasons, we understand that it can’t be helped. If you do, here is what you need to do.

What Tenants Need To Provide for Early Termination

As a tenant on SPEEDHOME, you must fulfil these conditions when early termination occurs. Here’s a checklist for easy reference.

  1. Notify your landlord and SPEEDHOME before the termination date.
  2. You must  pay 2 months rent as penalty fee if early termination is done more than 1 month before the tenancy end date; OR
  3. You must pay 1 month rent as penalty fee if early termination is done 1 month or less before the tenancy end date.
  4. Arrange the handover of keys upon moving out.

What Landlords Need To Do for Early Termination

SPEEDHOME’s tenancy agreement lasts for a full year. You must inform SPEEDHOME immediately at 0187777650. The landlord will be liable for any cost if they violate the terms of the agreement.

Need more info? Give us a call at 0187777650. You can also email us at [email protected] and we’ll get back to you about how we can arrange the best rental experience right here at SPEEDHOME.

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