Do you like your current apartment? Is it perfect for you? Perhaps it got everything you need? Though you love your current apartment, there will be a time when you will have to move out.
While your lease has a defined end date, it is common for tenants to notify their landlords that they need to move out.
The correct way to do this is to submit a 30-day notice letter to your landlord. Aside from making sure that everybody is on the same page about you moving out, it ensures that you are all on the same schedule.
When you want to move to a new studio apartment Toronto rental, here are some things you should know about a notice letter:
How to Properly Handle Lease Termination
There are a lot of things you need to consider when moving from one apartment to another. From packing all your items to scheduling movers, the days leading up to a move are busy.
Before getting into the weeds of the move, you need to first prepare your landlord properly. You can do this by giving notice of your intent to vacate.
Reasons to Give One to Your Landlord
One of the most difficult aspects to remember when renting an apartment is that it is a legal transaction. Keep in mind that you’ve signed a legal document when you moved in. Thus, you also have to write a legal document when moving out.
A notice to vacate is a letter you provide to your landlord. It should state the reason why you’re leaving. Typically, the specifics of when and how to submit the letter are part of your rental contract.
Even if the contract has a set end date for your rental, you can make your intentions clear if you submit an official letter.
What Happens If You Don’t Give One?
If you forget to send a 30-day notice letter to your landlord, the biggest potential problem is penalties. You might end up paying additional fees as high as a month’s rent. Furthermore, you might also end up dealing with an automatic lease renewal. This means you need to break your lease before moving out. This can result in even more fees and possible issues because you have missed your window to vacate the property.
Thus, it’s ideal to set a reminder for yourself to give a 30-day notice letter as soon as you know you are moving out.
What Happens After You Give One?
After submitting an official letter, it is a wise move to reach out to your landlord and share your plans informally. In addition to that, you can notify them your letter is coming and tackle any inquiries they might have.
Once you’re done, the next thing you need to do is to plan your move. Start looking for a new apartment now if you haven’t found one yet. Also, you might want to schedule movers since you have now established your move-out day with your notice letter to your landlord.