When you signed your WILMOTH Group lease you committed to stay in your home through the lease's end date. We understand life changes but we also need to protect the owner of the property and their expected cash flow from the lease. In this respect, in general early releases are not granted. We have designed a method to, in certain circumstances, allow a tenant to cooperate with us to transition out of the WILMOTH lease. And if a tenant chooses to not follow these procedures, there is also a stated penalty the tenant will pay.
It is important to understand the clause in your lease that addresses this issue.
If tenant vacates without having a fully signed and executed Manager’s “Early Termination of Lease” agreement, Tenant agrees to be liable for payment of three months of rent and additional rent as defined in this lease agreement, no matter what date this lease agreement would have ended.
Our early lease breakage policy, as summarized in the Early Termination Agreement, is as follows:
Tenant pays a lease termination fee equal to the amount of one month rent. This fee is in addition to the following.
Tenant is responsible for rent + utilities until date property is re-leased
Security deposit would be placed towards any unpaid fees or will be assessed as normal if all fees are paid
Tenants must cooperate with all showings and keep home in showing condition.
These are the rules that a tenant must agree to. A Early Termination Agreement must be produced and signed by the tenant. At time of signing the amount of the Lease Termination Fee will be due.
RELEASE OF RESIDENT; MILITARY TRANSFER: Except under the military transfer provisions below, Tenant will not be released from this Agreement on grounds of voluntary or involuntary business transfer, marriage, divorce, separation, loss of co-residents, poor health or any other reason.
If Tenant is a member of the United States Armed Forces who is (i) transferred 50 miles or more from the Premises, or (ii) prematurely or involuntarily is discharged or released from active duty, Tenant may terminate the Agreement by providing Manager with written notice of termination to be effective on a date at least thirty (30) days after Manager's receipt of the notice. Either a copy of the official military orders or a written verification signed by Tenant's commanding officer must accompany the notice. Letters authorizing base housing do not constitute sufficient official military orders. Members of the active military may also be afforded additional rights pursuant to the Soldiers and Sailors Civil Relief Act.