lease cancellation
[/liːs kænˌsəˈleɪʃən/]
nounpl: lease cancellations
cancelamento de aluguel
1. The termination or annulment of a lease agreement before its natural expiration date
The tenant requested a lease cancellation due to job relocation.
O inquilino solicitou o cancelamento do aluguel devido à relocação do trabalho.
2. The legal process of ending a rental or lease contract with associated rights and obligations
The landlord filed for lease cancellation after the tenant failed to pay rent.
O proprietário entrou com processo de cancelamento de aluguel após o inquilino deixar de pagar o aluguel.
3. Breaking or dissolving a leasing agreement before the agreed-upon term concludes
Early lease cancellation may result in penalties or additional fees.
O cancelamento antecipado do aluguel pode resultar em penalidades ou taxas adicionais.
In Brazil, lease cancellation is governed by specific laws (Lei do Inquilinato) and typically requires 30 days' notice. Early cancellation often involves financial penalties. In the USA, lease cancellation laws vary by state, but early termination is generally permitted with notice and potential fees. This is a significant legal matter in both cultures with formal procedures and financial implications.
NYC Slang
breaking the lease
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