First Lake Early Termination Agreement: What You Need to Know

Getting out of a rental agreement early can be tricky, but with the First Lake early termination agreement, it doesn`t have to be. First Lake is a property management company that offers apartment rentals in Louisiana, Mississippi, and Texas. If you`re a First Lake tenant who needs to end your lease early, here`s what you need to know.

What is the First Lake Early Termination Agreement?

The First Lake Early Termination Agreement is a contract that allows tenants to end their lease early without penalty. This agreement is only available to current First Lake tenants who have leased an apartment for at least six months. If you`re in good standing with First Lake and need to move out early, this agreement could be a lifesaver.

What are the requirements for the First Lake Early Termination Agreement?

To qualify for the First Lake Early Termination Agreement, you must meet the following requirements:

– You must have leased your apartment for at least six months.

– You must give 60 days` notice before you plan to move out.

– You must pay an early termination fee equal to two months` rent.

– Your apartment must be in good condition when you move out.

How do I request a First Lake Early Termination Agreement?

To request a First Lake Early Termination Agreement, you`ll need to follow these steps:

1. Contact your property manager. Let them know that you`re interested in terminating your lease early and would like to discuss the Early Termination Agreement.

2. Review the terms of the agreement. Your property manager will provide you with a copy of the agreement to review. Make sure you understand the terms before you sign.

3. Sign the agreement. Once you`ve reviewed and agreed to the terms, sign the agreement and return it to your property manager.

4. Pay the early termination fee. Your property manager will let you know how much the fee is and how to pay it.

5. Move out. Make sure you leave your apartment in good condition before you move out. This means cleaning, repairing any damage, and removing all of your belongings.

What are the benefits of the First Lake Early Termination Agreement?

The First Lake Early Termination Agreement can be a great benefit for tenants who need to move out early. Here are a few reasons why:

– No penalty. With the Early Termination Agreement, you won`t have to pay any penalty fees for breaking your lease early.

– Flexibility. If you need to move for work or personal reasons, the Early Termination Agreement gives you the flexibility to do so without having to worry about your lease.

– Good standing. By following the terms of the agreement, you`ll remain in good standing with First Lake and be eligible for future rentals.

In conclusion, if you`re a First Lake tenant who needs to end your lease early, the Early Termination Agreement can be a great option. As long as you meet the requirements and follow the terms of the agreement, you can move out early without penalty. Contact your property manager today to learn more about this valuable option.