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If the early termination fees are too high, you may be able to transfer your lease instead. Lease transfer requirements and eligibility vary among states and are dependent on your car lease agreement.
“There are ways to get out early of a lease early, but it can be quite costly, ... Most car leases also have an early termination clause, though you’ll usually still have to pay a fee. “If ...
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Termination clause (describing what will happen if the contract is ended early or cancelled by either of the parties, stating the rights of parties to terminate the lease, and their obligations) All kinds of personal property (e.g. cars and furniture) or real property (e.g. raw land, apartments, single family homes, and business property, which ...
A break clause is a term in a contract that allows early termination of the contract before the default end date. In accordance with English property law , such clauses are typical in tenancy agreements, so as to allow a tenancy to come to an end before the end date stated in the agreement. [ 1 ]
Termination fees are common to service industries such as cellular telephone service, subscription television, and so on, where they are often known as early termination fees. For instance, a customer who purchases cellular phone service might sign a two-year contract, which might stipulate a $ 350 fee if the customer breaks the contract.
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