FAA’s Early Lease Termination Bill Enacted Into Law

We were just alerted to the news of the passing of the Early Termination Bill (which, in full disclosure, we helped to promote via the 2007 Legislative Days in Tallahassee, FL) from the Law Offices of Heist, Weisse, and Lucrezi P.A. June 2008 newsletter. If you are not receiving their monthly legal update, do yourself a favor, click here and sign up. Great information pertaining to landlord/tenant law, creditor's rights, discrimination defense as well as other legal issues will come to your inbox directly on a monthly basis. Good, good stuff.

The Governor has signed the Early Termination Bill into law which will allow you some more flexibility in charging liquidated damages or an early termination fee to a tenant who leaves before the end of the lease term. In order to take advantage of the new law, a specific addendum must be entered into at the time of lease signing under which the tenant either chooses to pay a liquidated damage amount or early termination fee upon vacating early, or pay rent until the unit is re-rented.

HB 1489: FAA’s Early Lease Termination Bill Enacted Into Law (EVICT.COM, The Website of the Law Offices of Heist, Weisse & Lucrezi, P.A.)