There is no fee for initiating a request to terminate. Here are the penalties to keep in mind:
- Penalty for early termination: 4 or more months remaining then 3 Months Lease amount. If less than 3 months remaining: Pay the rest of the instalments along with any open balance.
- Late Termination penalty: 10% of yearly rent (overstay more than 30 days).
- Overstay cost: Each day charge until the end of termination along with penalty.